Life cycle, objective and subjective living standards and life satisfaction. New indexes building and applications, Poland, 1992-2004

This paper introduces new types of composite measures of living conditions, more precisely 'Inversely Proportional Index of Wealth' (IPIW) and 'Inversely Proportional Index of Life Satisfaction' (IPILS).

Life Cycle, Objective and Subjective Living Standards and Life Satisfaction

New Indexes Building and Applications, Poland 1992–2004

Krzysztof ZagórskiCBOS (Public Opinion Research Center), Poland

NEW APPROACH IN CONSTRUCTION OF LIVING STANDARD INDEXES

Theoretical Assumptions

The aims of this paper are methodological and substantive. The methodological aim consists in building entirely new types of composite measures of living conditions, more precisely of household material wealth and life satisfaction.

Accumulated material wealth may be traditionally measured by summing the values of the goods possessed, as determined by their actual monetary value, replacement value or various statistical methods of multivariate analysis, such...

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