Determinants of Median Income

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Date
2016-12
Authors
Proctor, Adam
Journal Title
Journal ISSN
Volume Title
Publisher
University Honors College, Middle Tennessee State University
Abstract
What essential differences account for the variation in median income across U.S. counties? This paper proposes a linear model examining the effects of minimum-wage laws, educational attainment, labor market density, and innovation within each county’s median income. Each of these are found to have a significant, positive correlation with median income, suggesting that these factors should be taken into consideration by policymakers seeking to improve incomes for their counties.
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Keywords
economics, econometrics, model, determinants, median income, linear regression
Citation