The Park Place Economist


This paper will use linear regression to analyze FRED's weekly earnings data and weekly hours data for 2017 and expects to find whether workers in different states earn a same level of income by performing the same jobs. It hypothesizes that bigger and wealthier states will pay higher compensation to workers, because the cost of living is higher and the state population size is bigger, which translates to a larger customer base for the health services industry. Some social issues, such as aging populations, and some policy implications are also discussed.