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

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.

Does the desired well-being matches with the perceived one? A proposal of a new index of subjective well-being at the individual level