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Estimates of parameters of log-normal model of households income distribution

Author

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  • Jitka Bartošová

    (University of Economics, Prague)

Abstract

While making a statistical model it is important both, to find a theoretical distribution function that would characterize empirical frequency distribution and to choose a suitable method of parameter estimate of such model. Recently used type of a theoretical model of income distribution (the log-normal distribution) was derived from the character of a particular feature and from a longtime experience with its behavior before revolution. The log-normal distribution, especially its variation with three parameters, has served a good approximation of income distribution of most of social classes. An important aspect of income distribution modeling is choice of suitable parameter estimate of the relevant logarithm-normal curves.

Suggested Citation

  • Jitka Bartošová, 2005. "Estimates of parameters of log-normal model of households income distribution," Acta Universitatis Bohemiae Meridionales, University of South Bohemia in Ceske Budejovice, vol. 8(1), pages 39-44.
    • Handle: RePEc:boh:actaub:v:8:y:2005:i:1:p:39-44
    DOI: 10.32725/acta.2005.007
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