Tim Halliday
Income Inequality in Hawaii Since Statehood
By Jonathan Page and Timothy Halliday Thomas Piketty’s best-selling tome on the evolution of inequality in the US, Capital in the Twenty-First Century, has inspired us to ask—how does the distribution of income in Hawaii compare with that in the country as whole? And how has that distribution changed over time? To answer these questions, […]
Read MoreGlobalization and Wage Convergence: Mexico and the United States
Neoclassical trade theory suggests that factor price convergence should follow increased commercial integration. Rising commercial integration and foreign direct investment followed the 1994 North American Free Trade Agreement between the United States and Mexico. This paper evaluates the degree of wage convergence between Mexico and the United States between 1988 and 2011. We apply a […]
Read MoreIs inequality actually lower in Honolulu?
By Jonathan Page and Tim Halliday The outlook for inequality and poverty in Honolulu is not as rosy as it might seem at first glance. On the 50th anniversary of the ‘War on Poverty’, poverty and income inequality are major policy issues facing President Obama’s administration and driving public policy analysis and debate. The Business […]
Read MoreAre Recessions Bad for Your Health?
By Tim Halliday Our work indicates that a bad economy can kill you. Specifically, we show that over the ten years from 1984 to 1993 that a one-percentage point rise in the unemployment rate increased the risk of dying within the subsequent year by 6% for working-aged men. This translates to roughly 24 more deaths […]
Read MoreUnemployment and Mortality: Evidence from the PSID
We use micro-data to investigate the relationship between unemployment and mortality in the United States using Logistic regression on a sample of over 16,000 individuals. We consider baselines from 1984 to 1993 and investigate mortality up to ten years from the baseline. We show that poor local labor market conditions are associated with higher mortality […]
Read MoreInvestigating the Effects of Furloughing Public School Teachers on Juvenile Crime in Hawaii
By Tim Halliday What happens to crime when 180,000 DOE students and all of their teachers are given the day off? When a fiscal crisis led to 17 “Furlough Fridays” during the 2009/2010 school year, we found ourselves in a unique position to find out. While it is tempting to imagine streets being flooded with […]
Read MoreHealth Inequality over the Life-Cycle
We consider the covariance structure of health. Agents report their health status on the basis of a latent health stock that is determined by permanent and transitory shocks, and time invariant fixed effects. At age 25, permanent shocks account for 5% to 10% of the variation in health. At age 60, this percentage rise to […]
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