ON THE RESIDUAL DURATION OF UNEMPLOYMENT IN THE CZECH REPUBLIC BASED ON FINITE MIXTURE OF LOGNORMAL DISTRIBUTIONS

摘要

Unemployment is often used as a measure of the health of the economy and usually the unemployment rate is of interest. In the text the distribution of unemployment duration in the Czech Republic is modelled. A finite mixture of lognormal distributions (with observed component membership given by gender) is fitted into interval censored data from the Labour Force Sample Survey from five consecutive quarters in 2013 and 2014. The distributions of residual unemployment are analysed through the mean and median residual unemployment duration. Maximum likelihood estimates are used, all computations are made in R program.