Estimation of changes in the distribution of income in the Czech Republic using mixture models

• Authors: Ivana Malá
• Languages of publication: EN

Abstracts

EN

In the text the development of distributions (and their characteristics) of the equivalised net annual nominal income in Czech households in 2004-2009 is studied. Three-parametric lognormal and Dagum distributions are used as a model for income probability distribution. Moreover, finite mixtures of these distributions are estimated for the models with an observable component membership (given by the number of economically active members of the household and the number of unemployed members). Data from the European Union survey – Statistics on Income and Living Conditions 2005-2010 – are used for the analysis. All the estimates in the text are obtained using the maximum likelihood method.

Keywords

EN

income distributions; maximum likelihood estimate; finite mixture; lognormal distribution; Dagum distribution

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Śląski Przegląd Statystyczny
• Year: 2013
• Issue: 11(17)
• Pages: 137-150

Dates

published

2013

Contributors

author

Ivana Malá

• University of Economics, Prague

References

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Identifiers

ISSN

1644-6739