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DARIA MENDOLA

Net satisfaction: a different point of view on the measurement of subjective well-being

Abstract

Starting from the baffling relationship between satisfaction and importance in the evaluation of subjective well-being, this paper presents a new definition of satisfaction useful to build a composite index of subjective well-being. The index is proven on data from European Quality of Life Survey 2007 and compared with two of the standard literature approaches to measure satisfaction taking into account importance weighting.