This paper establishes a correlation between populations' household income and their education, age and race.
Written in 2009; 1,311 words; 6 sources; MLA; $ 44.95
Paper Summary:
This paper establishes a correlation between the populations' living standards materialized in household income, and education, age of the individuals in the household, as well as their races.
The paper explains that the dependent variable, household income or wealth, is determined by independent variables of education of the household members, age of the household members and race. The paper shows how the three independent variables affect wealth and the most important independent variable in this relationship is the level of education possessed by each member.
Outline:
Purpose Statement
Definition of Variables
Data Description
From the Paper:
"The household income is a generic measurement tool of the wealth of a family and it is composed from the incomes coming from various sources, such as wages, salaries, premiums, bonuses, self-employment benefits, dividends, interests or pensions, registered by all relatives living under the same roof and which are 15 or older (U.S. Census Bureau, 2000). The average household income for 2005 was of $46,326 and when correlated with inflation, it revealed a 1.1 percent increase as compared to the previous year. 2005 represented the first year with real annual increase since 1999. Compared to 1967, the first year since household incomes are available, the increase is of 30.9 percent (Official Website of the White House, 2008)."
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