Economics

What dictates income in New York City? SHAP analysis of income estimation based on Socio-economic and Spatial Information Gaussian Processes (SSIG)

R. Bai, J. C. K. Lam, et al.

This groundbreaking study by Ruiqiao Bai, Jacqueline C. K. Lam, and Victor O. K. Li develops a novel Socio-economic & Spatial-Information-GP model to tackle income inequality in New York City. With enhanced accuracy in estimating district-based income, the research underscores the impact of education and persistent disparities due to race and sex, offering vital insights for effective policy-making.

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