Economies 2017, 5(2), 14; https://doi.org/10.3390/economies5020014
Fréchet Distribution Applied to Salary Incomes in Spain from 1999 to 2014. An Engineering Approach to Changes in Salaries’ Distribution
1
Instituto Universitario de Microgravedad “Ignacio Da Riva” (IDR/UPM), ETSI Aeronáutica y del Espacio, Universidad Politécnica de Madrid, Pza. del Cardenal Cisneros 3, 28040 Madrid, Spain
2
Colegio de Ingenieros de Caminos, Canales y Puertos, Colegiado n° 13177, Almagro 42 - 1a Planta, 28010 Madrid, Spain
*
Author to whom correspondence should be addressed.
Academic Editor: Joydeep Bhattacharya
Received: 20 December 2016 / Revised: 9 April 2017 / Accepted: 18 April 2017 / Published: 1 May 2017
Abstract
The official data in relation to salaries paid in Spain from 1999 to 2014 has been analyzed. The inadequate data format does not reflect the whole salary distribution. Fréchet distributions have been fitted to the data. This simple distribution has similar accuracy in relation to the data when compared to other distributions (Log-Normal, Gamma, Dagum, GB2). Analysis of the data through the fitted Fréchet distributions reveals a tendency towards more balanced (i.e., less skewed) salary distributions from 2002 to 2014 in Spain. View Full-TextKeywords:
Spanish economy; salary distribution; parametric modelling; Fréchet distribution; minimum wage
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Pindado, S.; Pindado, C.; Cubas, J. Fréchet Distribution Applied to Salary Incomes in Spain from 1999 to 2014. An Engineering Approach to Changes in Salaries’ Distribution. Economies 2017, 5, 14.
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