Since 2014
Analysis Of Incomes In The Czech Republic Using The Lognormal Distribution
Research Journal of Economics, Business and ICT
View Archive Info| Field | Value | |
| Title |
Analysis Of Incomes In The Czech Republic Using The Lognormal Distribution
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| Creator |
Nedved, Jakub; University of Economics in Prague
Mala, Ivana; University of Economics in Prague |
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| Subject |
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Income analysis, Lognormal Distribution, Czech Republic C13, C16 |
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| Description |
In the paper the three parametric lognormal distribution is used as a model of hourly wage distribution in the Czech Republic. Data from the Average Earnings Information System from 2000-2010 are analysed. Random samples from the second quarter of 2009 survey are used and separate models are constructed for business and non-business spheres of economy. Three methods of estimation were used to estimate unknown parameters: maximum likelihood method, moment method and quantile method. Quality of fits was compared and the impact of the method of estimation on quality of fit was quantified. Characteristics of location and variability were estimated and their values were compared with sample values. The results of Average Earnings Information System have been published since 2000. In the text lognormal model was fit with the use of selected quantiles from 2000 and 2010.
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| Publisher |
English Time Schools & Overseas Education
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| Contributor |
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| Date |
2012-03-10
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://ojs.journals.cz/index.php/RJEBI/article/view/249
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| Source |
Research Journal of Economics, Business and ICT; Vol 4 (2012)
2047-7848 2045-3345 |
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| Language |
eng
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| Relation |
http://ojs.journals.cz/index.php/RJEBI/article/view/249/253
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| Rights |
Copyright (c) 2012 Jakub Nedved, Ivana Mala
https://creativecommons.org/licenses/by/3.0/ |
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