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Probability Model of Income Distribution in the Czech Republic
[Pravděpodobnostní model rozdělení příjmů v České republice]

Author

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  • Jitka Bartošová

Abstract

Probability modeling may be approached in several principally different ways. One of such possibilities to achieve the aim is approximation of empirical distribution by means of an already known distribution (i.e. a parametric model). This paper focuses first on description of methods that may be used for modeling in practice and further on construction and verification of validity of one of present models of income distribution in the Czech Republic - logarithm-normal model with three parameters.

Suggested Citation

  • Jitka Bartošová, 2007. "Probability Model of Income Distribution in the Czech Republic [Pravděpodobnostní model rozdělení příjmů v České republice]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2007(1), pages 7-12.
    • Handle: RePEc:prg:jnlaop:v:2007:y:2007:i:1:id:30:p:7-12
    DOI: 10.18267/j.aop.30
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    More about this item

    Keywords

    income distribution; probability model; validity of the model;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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