Title:

Right Tail of the Unemployment Duration in the Czech Republic

Group publication title:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Creator:

Čabla, Adam

Subject and Keywords:

Unemployment Duration ; Labour Force Survey ; Right Tail ; Extreme ValueTheory ; Spliced Models ; Dynamic Weight Mixture Model

Description:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers, s. 59-74

Abstrakt:

The aim of the paper is to compare three different approaches to modelling the distribution with supposed heavy tail using data about unemployment duration in the Czech republic – two models of spliced distributions and model with dynamic weights. All three aproaches are based on the Pickands-Balkema-de Haan theorem and incorporate the parametric distribution of the body of the probability distribution and generalized Pareto distribution used for the modelling of the right tail. The data come from the Labour Force Survey from three distinct periods - before the last economic crisis, during it and during the recovery from the crisis. The paper shows the differences between the right tails of the three periods and discussion of the used methods

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2017

Resource Type:

materiały konferencyjne

Format:

application/pdf

Resource Identifier:

doi:10.15611/amse.2017.20.05

Language:

eng

Relation:

20-th AMSE. Applications of Mathematics and Statistics in Economics. International Scientific Conference: Szklarska Poręba, 30 August- 3 September 2017. Conference Proceedings Full Text Papers

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu