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Physical And Environmental Factors That Can Bridge Income Inequality

Income plays an important role in day to day life. Many factors affect the employment status of an individual. While some factors are personal traits such as self motivation and perseverance, where a person lives can also have an impact on their employability. Living in a state with a high median income can be beneficial to a person’s ability to earn a wage to support a standard of living. A state’s median income can be influenced by a variety of factors. Some factors are environmental, such as work place infrastructure and comfort, and geographical conditions such as location, climate and weather conditions. A state’s ability to have a strong economy which helps provide jobs for its residents also depends on the educational attainment of it residents and how welcoming the state is to industry. In this paper, we will examine five attributes that help determine the level of median income in each state. We will estimate a regression model for these variables and examine how these variables affect the median- income.