Fréchet Distribution Applied to Salary Incomes in Spain from 1999 to 2014. An Engineering Approach to Changes in Salaries’ Distribution

Santiago Pindado, Carlos Pindado and Javier Cubas
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Santiago Pindado: 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
Carlos Pindado: Colegio de Ingenieros de Caminos, Canales y Puertos, Colegiado n° 13177, Almagro 42 - 1 a Planta, 28010 Madrid, Spain
Javier Cubas: 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

Economies, 2017, vol. 5, issue 2, 1-19

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.

Keywords: Spanish economy; salary distribution; parametric modelling; Fréchet distribution; minimum wage (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jecomi:v:5:y:2017:i:2:p:14-:d:97287

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