Happiness Quantified

How do we measure happiness? This important and long-awaited book presents a new and unified approach to the analysis of subjective satisfaction and income evaluation. Drawing on empirical analyses of German British Dutch and Russian data it develops new methodology to establish a model of well-being which includes satisfaction with life as a whole and with various domains of life. This method is applied to study individual and collective norms to construct family-equivalence scales to estimate health damages compensation for externalities and the construction of tax tariffs and to define subjective inequalities with respect to well-being income and other domains of life. Written for a wide readership of social scientists the book presents a theoretical and empirical breakthrough into a new and fruitful methodology in the social sciences.