Acta Oeconomica Pragensia 2016, 24(1):33-53 | DOI: 10.18267/j.aop.497
The Best and Worst-Paid Sectors in the Czech Republic
- Vysoká škola ekonomická v Praze, Fakulta informatiky a statistiky (bilkova@vse.cz).
The present paper deals with the issue of different behaviour of wage distribution of two highest and two lowest-paid sectors of the Czech economy in the period since the beginning of the global economic crisis; the former ones are the sectors of "Financial and Insurance Activities" and "Information and Communication", the latter ones being those of "Accommodation and Food Service Activities" and "Administrative and Support Service Activities". The aim is to capture the differences between these two groups of sectors, not only in terms of wage levels, but also as far as the variability and concentration of wage distribution is concerned. The gross (nominal) monthly wage in CZK represents a research variable. The paper focuses on different developments of wage distribution of the above sector groups in time, wage level forecasts for 2015 and 2016 being included.
Keywords: best-paid sectors, worst-paid sectors, global economic crisis, wage distribution, gross monthly wage, wage level forecasts
JEL classification: D31, E24, H24, J31
Published: February 1, 2016 Show citation
References
- BARTOŠOVÁ, J., 2006. Logarithmic-Normal Model of Income Distribution in the Czech Republic. Austrian Journal of Statistics. Issue 2/3, 215-222. ISSN 1026-597X.
- BÍLKOVÁ, D., 2012. Lognormal distribution and using L-moment method for estimating its parameters. International Journal of Mathematical Models and Methods in Applied Sciences. Issue 1, 30-44. ISSN 1998-0140.
- BROCKWELL, P. J. a DAVIS, R. A., 2002. Introduction to Time Series and Forecasting. New York: Springer. ISBN 978-0-387-95351-9.
Go to original source...
- COWPERTWAIT, P. S. P. a METCALFE, A. V., 2009. Introductory Time Series with R. New York: Springer. ISBN 978-0-387-88697-8.
- HOSKING, J. R. M., 1990. L-moments: Analysis and Estimation of Distributions Using Linear Combinations of Order Statistics. Journal of the Royal Statistical Society (Series B), Issue 1, 105-124. ISSN 1467-9868.
Go to original source...
- HOSKING, J. R. M. a WALLIS, J. R., 1997. Regional Frequency Analysis: An Approach Based on L-moments. New York: Cambridge University Press. ISBN 978-0-521-43045-6.
Go to original source...
- KYSELY, J. a PICEK, J., 2007. Regional Growth Curves and Improved Design value Estimates of Extreme Precipitation Events in the Czech Republic. Climate research. Issue 3, 243-255. ISSN 1616-1572.
Go to original source...
- LOSTER, T., 2014. Vývoj základních příjmových charakteristik v jednotlivých krajích ČR v letech 2005-2013 [online]. [cit. 13. 7. 2015]. Dostupné z: http://www.ekf.tuke.sk/chudoba2014/proceedings/PDF/15_loster.pdf.
- MALÁ, I., 2013. The Use of Finite Mixtures of Lognormal Distribution for the Modelling of Household Income Distributions in the Czech Republic. Politická ekonomie. Issue 3, 356-372. ISSN 0032-3233.
Go to original source...
- MAREK, L., 2010. The Trend of Wage Distributions in Czech Republic in the Years 1995-2008 Analysis. Politická ekonomie. Issue 2, 186-206. ISSN 0032-3233.
Go to original source...
- PACÁKOVÁ, V. a SIPKOVÁ, L., 2007. Generalized Lambda Distributions of Household's Incomes. E+M Ekonomie a Management. Issue 1, 98-107. ISSN 1212-3609.
- VEČERNÍK, J., 2007. The Czech Labour Market: Historical, Structural and Policy Perspectives. Prague Economic Papers. Issue 3, 220-236. ISSN 1210-0455.
Go to original source...
This is an open access article distributed under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.