Models and Forecasts of Wage Distributions in Czech Education and Health Care Sectors

This paper deals with the development of wages in Czech education and health care sectors since the beginning of the global economic crisis to the present. Data for this research come from the official website of the Czech Statistical Office and they include employees of the Czech Republic. The variable surveyed is the gross nominal monthly wage of the employee. The construction of wage models in Czech education and health care sectors that allow some comparison between education and health care sectors, is an important aim of this research. Three-parameter lognormal curves are the basis of these models. The construction of predictions not only the wage levels in the Czech education and health care sectors until 2020, but also of the predictions of the whole wage distributions in these two sectors until 2020 is a part of this study. Important aim is the construction of clusters of sectors that are the most similar according to average wage and selected variables.