An Analysis of Household Income in Poland and Slovakia Based on Selected Income Models

Autor: Trzcińska Kamila
Jazyk: angličtina
Rok vydání: 2022
Předmět:
Zdroj: Folia Oeconomica Stetinensia, Vol 22, Iss 1, Pp 287-301 (2022)
Druh dokumentu: article
ISSN: 1898-0198
2022-0014
DOI: 10.2478/foli-2022-0014
Popis: Research background: Studies of income distributions may focus on describing empirical distributions by theoretical models. This approach can be useful for many reasons. When choosing a statistical model, it is important both to find out a theoretical distribution function that would characterize empirical frequency distribution and to choose suitable methods to calculate the parameters of the model. In the literature, there are proposals for various types of mathematical functions. Very high accuracy with empirical distribution is characteristic for Dagum and log-normal models. In 2010 Zenga proposed a new three-parameter model for economic size distribution which possesses interesting statistical properties.
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