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On robust analysis of paycheck: case study

Author

Listed:
  • Michal Uherek

    (Zurich Insurance plc, o.z., Bratislava, Slovak Republic)

  • Milan Stehlík

    (Institut für angewandte Statistik, Johannes Kepler University in Linz, Freistädter Straße 315, Linz, A-4040, Austria)

  • Luboš Střelec

    (Ústav statistiky a operačního výzkumu, Mendelova univerzita v Brně, Zemědělská 1, 613 00, Brno, Česká republika)

Abstract

Many statistical tests are constructed to check the validity of normal distribution. Here we propose a case study on analysis of paycheck where we employ the RT class of tests for normality firstly introduced in Střelec, Stehlík (2008). In particular such a study can be of interest for pension funds theoreticians and practitioners, which study the transitions of pension systems from one social security state to the another one. Our study illustrates some possible distributional deviations of salary residuals on a real data.

Suggested Citation

  • Michal Uherek & Milan Stehlík & Luboš Střelec, 2011. "On robust analysis of paycheck: case study," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 59(4), pages 371-378.
    • Handle: RePEc:mup:actaun:actaun_2011059040371
    DOI: 10.11118/actaun201159040371
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    References listed on IDEAS

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    1. Agneta Kruse & Pier Luigi Porta & Pia Saraceno, 1997. "Pension Systems and Reforms: a Note on Transition Problems," Working Papers 02, University of Milano-Bicocca, Department of Economics, revised Feb 1997.
    2. Urzua, Carlos M., 1996. "On the correct use of omnibus tests for normality," Economics Letters, Elsevier, vol. 53(3), pages 247-251, December.
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    Cited by:

    1. Rastislav Potocký & Helmut Waldl & Milan Stehlík, 2014. "On Sums of Claims and their Applications in Analysis of Pension Funds and Insurance Products," Prague Economic Papers, Prague University of Economics and Business, vol. 2014(3), pages 349-370.

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