Recent empirical literature has seen many multidimensional indices emerge as well-being or poverty measures, in particular indices derived from principal components and various latent variable models. Though such indices are being increasingly and widely employed, few studies motivate their use or report the standard errors or confidence intervals…

Empirical evidence of no age-related decline in life satisfaction (LS) in old age contrasts with frequently observed declines in the objective quality of elder people's lives and has therefore been labelled a "paradox" and interpreted in terms of stability of LS in the respective gerontological discussion. However, as this evidence was…