Details about Michael P Keane

E-mail:
Homepage:	http://www.bus.uts.edu.au/fin&econ/staff/MichaelK/research.html
Workplace:	School of Economics, Australian School of Business, University of New South Wales, (more information at EDIRC)

Access statistics for papers by Michael P Keane.

Last updated 2013-03-04. Update your information in the RePEc Author Service.

Short-id: pke18

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Working Papers

2012

1. Adverse Selection, Moral Hazard and the Demand for Medigap Insurance
   Economics Papers, Economics Group, Nuffield College, University of Oxford
   Also in Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney (2011)
   Working Papers, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales (2011)
2. Discrimination in a universal health system: Explaining socioeconomic waiting time gaps
   Economics Papers, Economics Group, Nuffield College, University of Oxford
   Also in Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney (2011)
   See also Journal Article in Journal of Health Economics (2013)
3. Estimation of Discrete Choice Models with Many Alternatives Using Random Subsets of the Full Choice Set: With an Application to Demand for Frozen Pizza
   Economics Papers, Economics Group, Nuffield College, University of Oxford
4. How the Allocation of Children’s Time Affects Cognitive and Non-Cognitive Development
   Economics Papers, Economics Group, Nuffield College, University of Oxford
5. Income Taxation in a Life Cycle Model with Human Capital
   Economics Papers, Economics Group, Nuffield College, University of Oxford
   Also in Working Papers, ARC Centre of Excellence in Population Ageing Research (CEPAR), Australian School of Business, University of New South Wales (2011)
6. Reconciling Micro and Macro Labor Supply Elasticities: A Structural Perspective
   Economics Papers, Economics Group, Nuffield College, University of Oxford View citations (1)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (4)

2011

7. Geographic Differences in Hospital Waiting Times
   Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney
   See also Journal Article in The Economic Record (2012)

2010

8. A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables
   Working Papers, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz
   Also in Econometric Society 2004 North American Summer Meetings, Econometric Society (2004) View citations (9)
   IZA Discussion Papers, Institute for the Study of Labor (IZA) (2009) View citations (1)
   Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences (2007) View citations (2)
   See also Journal Article in International Economic Review (2010)
9. Differences in waiting times for elective admissions in NSW public hospitals: A decomposition analysis by non-clinical factors. CHERE Working Paper 2010/7
   Working Papers, CHERE, University of Technology, Sydney View citations (2)
10. Labor Supply and Taxes: A Survey
    Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney View citations (5)
    See also Journal Article in Journal of Economic Literature (2011)
11. Money, Political Ambition, and the Career Decisions of Politicians, Second Version
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (1)
12. The demand for private health insurance: do waiting lists or waiting times matter? CHERE Working Paper 2010/8
    Working Papers, CHERE, University of Technology, Sydney
13. Waiting times and the decision to buy private health insurance. CHERE Working Paper 2010/9
    Working Papers, CHERE, University of Technology, Sydney View citations (1)

2008

14. Implications of Classification Error for the Dynamics of Female Labor Supply
    CHILD Working Papers, CHILD - Centre for Household, Income, Labour and Demographic economics - ITALY

2007

15. Money, Political Ambition, and the Career Decisions of Politicians
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (18)
    See also Journal Article in American Economic Journal: Microeconomics (2010)
16. Testing the mechanisms of structural models: The case of the Mickey Mantle effect
    Open Access publications from Tilburg University, Tilburg University View citations (1)
    Also in MEA discussion paper series, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy (2006) View citations (1)
    See also Journal Article in American Economic Review (2007)
17. The Price Consideration Model of Brand Choice
    MPRA Paper, University Library of Munich, Germany View citations (3)

2006

18. Classification Error in Dynamic Discrete Choice Models: Implications for Female Labor Supply Behavior
    IZA Discussion Papers, Institute for the Study of Labor (IZA) View citations (9)
    See also Journal Article in Econometrica (2009)
19. Exploring the Usefulness of a Non-Random Holdout Sample for Model Validation: Welfare Effects on Female Behavior
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (7)
    See also Journal Article in International Economic Review (2007)
20. Sources of Advantageous Selection: Evidence from the Medigap Insurance Market
    Working Papers, Yale University, Department of Economics View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (27)
    See also Journal Article in Journal of Political Economy (2008)
21. The Role of Labor and Marriage Markets, Preference Heterogeneity and the Welfare System in the Life Cycle Decisions of Black, Hispanic and White Women
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (7)
    See also Journal Article in International Economic Review (2010)

2005

22. Classification error in dynamic discrete choice models: implications for female labour supply behaviour
    
    Work in Progress
    Discussion Paper Series In Economics And Econometrics, University of Southampton, Economics Division, School of Social Sciences

2004

23. A Political Economy Model of Congressional Careers
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (3)
    Also in PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania (2004) View citations (33)
    See also Journal Article in American Economic Review (2005)
24. A Political Economy Model of Congressional Careers: Supplementary Materiel
    PIER Working Paper Archive, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania View citations (1)
25. Generalized Indirect Inference for Discrete Choice Models
    Econometric Society 2004 North American Winter Meetings, Econometric Society View citations (6)

2003

26. HEURISTICS USED BY HUMANS WITH PREFRONTAL CORTEX DAMAGE: TOWARD AN EMPIRICAL MODEL OF PHINEAS GAGE
    Experimental, EconWPA

2002

27. Behavior in a dynamic decision problem: An analysis of experimental evidence using a bayesian type classification algorithm
    Experimental, EconWPA View citations (6)
    See also Journal Article in Econometrica (2004)
28. Changes in the Structure of Earnings During the Polish Transition
    IMF Working Papers, International Monetary Fund View citations (9)
    Also in IZA Discussion Papers, Institute for the Study of Labor (IZA) (2002) View citations (5)
    See also Journal Article in Journal of Development Economics (2006)
29. Inequality, Transfers and Growth: New Evidence from the Economic Transition in Poland
    IZA Discussion Papers, Institute for the Study of Labor (IZA) View citations (24)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (2000)
    IMF Working Papers, International Monetary Fund (2000) View citations (2)
    See also Journal Article in The Review of Economics and Statistics (2002)

1999

30. Consumption and Income Inequality in Poland During the Economic Transition
    IMF Working Papers, International Monetary Fund View citations (5)
    Also in Working Papers, C.V. Starr Center for Applied Economics, New York University (1998)

1997

31. An empirical analysis of income dynamics among men in the PSID: 1968-1989
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in Institute for Research on Poverty Discussion Papers, University of Wisconsin Institute for Research on Poverty View citations (3)
32. Mixture of normals probit models
    Staff Report, Federal Reserve Bank of Minneapolis View citations (17)

1996

33. Bayesian inference for dynamic choice models without the need for dynamic programming
    Working Papers, Federal Reserve Bank of Minneapolis View citations (11)

1995

34. A Structural Model of Multiple Welfare Program Participation and Labor Supply
    Working Papers, Brown University, Department of Economics View citations (13)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1995) View citations (2)
    Institute for Research on Poverty Discussion Papers, University of Wisconsin Institute for Research on Poverty
    See also Journal Article in International Economic Review (1998)
35. The Employment and Wage Effects of Oil Price Changes: A Sectoral Analysis
    IMF Working Papers, International Monetary Fund View citations (1)
    See also Journal Article in The Review of Economics and Statistics (1996)
36. The career decisions of young men
    Working Papers, Federal Reserve Bank of Minneapolis
    See also Journal Article in Journal of Political Economy (1997)

1994

37. Alternative computational approaches to inference in the multinomial probit model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (96)
    See also Journal Article in The Review of Economics and Statistics (1994)
38. Statistical inference in the multinomial multiperiod probit model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)
    See also Journal Article in Journal of Econometrics (1997)
39. The solution and estimation of discrete choice dynamic programming models by simulation and interpolation: Monte Carlo evidence
    Staff Report, Federal Reserve Bank of Minneapolis View citations (80)
    See also Journal Article in The Review of Economics and Statistics (1994)

1993

40. The Relation Between Skill Levels and the Cyclical Variability of Employment, Hours, and Wages
    IMF Working Papers, International Monetary Fund View citations (7)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1991) View citations (1)

1992

41. The Estimation of Food Stamp Self Selection Models using the Method of Simulation
    Mathematica Policy Research Reports, Mathematica Policy Research

1991

42. Individual heterogeneity and interindustry wage differentials
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (13)
    See also Journal Article in Journal of Human Resources (1993)
43. The employment and wage effects of oil price shocks: a sectoral analysis
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (2)

1990

44. Nominal contracting theories of unemployment: evidence from panel data
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis
    See also Journal Article in American Economic Review (1993)
45. Sectoral shift theories of unemployment: evidence from panel data
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis

1989

46. A computationally practical simulation estimator for panel data, with applications to labor supply and real wage movement over the business cycle
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis

Undated

47. Adverse Selection, Moral Hazard and the Demand for Medigap Insurance, and
    Health, Econometrics and Data Group (HEDG) Working Papers, HEDG, c/o Department of Economics, University of York
48. Eliminating Race Differences in School Attainment and Labor Market Success
    CARESS Working Papres, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences
    See also Journal Article in Journal of Labor Economics (2000)

Journal Articles

2013

1. A Dynamic Equilibrium Model of the US Wage Structure, 1968–1996
   Journal of Labor Economics, 2013, 31, (1), 1 - 49 View citations (1)
2. Discrimination in a universal health system: Explaining socioeconomic waiting time gaps
   Journal of Health Economics, 2013, 32, (1), 181-194
   See also Working Paper (2012)

2012

3. Geographic Differences in Hospital Waiting Times
   The Economic Record, 2012, 88, (281), 165-181
   See also Working Paper (2011)
4. Micro and Macro Labor Supply Elasticities: A Reassessment of Conventional Wisdom
   Journal of Economic Literature, 2012, 50, (2), 464-76 View citations (8)

2011

5. A smooth mixture of Tobits model for healthcare expenditure
   Health Economics, 2011, 20, (9), 1126-1153 View citations (2)
6. Child Care Choices and Children’s Cognitive Achievement: The Case of Single Mothers
   Journal of Labor Economics, 2011, 29, (3), 459 - 512 View citations (40)
7. Human Capital, Taxes and Labour Supply
   The Economic Record, 2011, 87, (s1), 37-44
8. Labor Supply and Taxes: A Survey
   Journal of Economic Literature, 2011, 49, (4), 961-1075 View citations (19)
   See also Working Paper (2010)
9. Waiting times for elective surgery and the decision to buy private health insurance
   Health Economics, 2011, 20, (S1), 68-86 View citations (3)

2010

10. A COMPUTATIONALLY PRACTICAL SIMULATION ESTIMATION ALGORITHM FOR DYNAMIC PANEL DATA MODELS WITH UNOBSERVED ENDOGENOUS STATE VARIABLES
    International Economic Review, 2010, 51, (4), 925-958 View citations (3)
    See also Working Paper (2010)
11. A Structural Perspective on the Experimentalist School
    Journal of Economic Perspectives, 2010, 24, (2), 47-58 View citations (4)
12. Money, Political Ambition, and the Career Decisions of Politicians
    American Economic Journal: Microeconomics, 2010, 2, (3), 186-215 View citations (1)
    See also Working Paper (2007)
13. Quasi-structural estimation of a model of childcare choices and child cognitive ability production
    Journal of Econometrics, 2010, 156, (1), 164-189 View citations (36)
14. Structural vs. atheoretic approaches to econometrics
    Journal of Econometrics, 2010, 156, (1), 3-20 View citations (46)
15. THE ROLE OF LABOR AND MARRIAGE MARKETS, PREFERENCE HETEROGENEITY, AND THE WELFARE SYSTEM IN THE LIFE CYCLE DECISIONS OF BLACK, HISPANIC, AND WHITE WOMEN
    International Economic Review, 2010, 51, (3), 851-892 View citations (5)
    See also Working Paper (2006)
16. The Generalized Multinomial Logit Model: Accounting for Scale and Coefficient Heterogeneity
    Marketing Science, 2010, 29, (3), 393-421 View citations (19)

2009

17. Assessing policies to equalize opportunity using an equilibrium model of educational and occupational choices
    Journal of Public Economics, 2009, 93, (7-8), 879-898 View citations (3)
18. Classification Error in Dynamic Discrete Choice Models: Implications for Female Labor Supply Behavior
    Econometrica, 2009, 77, (3), 975-991 View citations (1)
    See also Working Paper (2006)
19. Empirical Applications of Discrete Choice Dynamic Programming Models
    Review of Economic Dynamics, 2009, 12, (1), 1-22 View citations (15)
20. SIMULATED MAXIMUM LIKELIHOOD ESTIMATION BASED ON FIRST-ORDER CONDITIONS
    International Economic Review, 2009, 50, (2), 627-675
21. Tariff effects on MNC decisions to engage in intra-firm and arm's-length trade
    Canadian Journal of Economics, 2009, 42, (3), 900-929 View citations (4)

2008

22. A Dynamic Model of Brand Choice When Price and Advertising Signal Product Quality
    Marketing Science, 2008, 27, (6), 1111-1125 View citations (10)
23. Behavioral frontiers in choice modeling
    Marketing Letters, 2008, 19, (3), 215-228 View citations (7)
24. Sources of Advantageous Selection: Evidence from the Medigap Insurance Market
    Journal of Political Economy, 2008, 116, (2), 303-350 View citations (41)
    See also Working Paper (2006)
25. The impact of advertising on consumer price sensitivity in experience goods markets
    Quantitative Marketing and Economics, 2008, 6, (2), 139-176 View citations (3)

2007

26. ADVANCES IN LOGISTICS AND THE GROWTH OF INTRA-FIRM TRADE: THE CASE OF CANADIAN AFFILIATES OF U.S. MULTINATIONALS, 1984-1995 -super-*
    Journal of Industrial Economics, 2007, 55, (4), 571-632 View citations (3)
27. EXPLORING THE USEFULNESS OF A NONRANDOM HOLDOUT SAMPLE FOR MODEL VALIDATION: WELFARE EFFECTS ON FEMALE BEHAVIOR
    International Economic Review, 2007, 48, (4), 1351-1378 View citations (4)
    See also Working Paper (2006)
28. Smoothly mixing regressions
    Journal of Econometrics, 2007, 138, (1), 252-290 View citations (27)
29. Testing the Mechanisms of Structural Models: The Case of the Mickey Mantle Effect
    American Economic Review, 2007, 97, (2), 53-59 View citations (2)
    See also Working Paper (2007)

2006

30. Accounting for the Growth of MNC-Based Trade Using a Structural Model of U.S. MNCs
    American Economic Review, 2006, 96, (5), 1515-1558 View citations (23)
31. Changes in the structure of earnings during the Polish transition
    Journal of Development Economics, 2006, 80, (2), 389-427 View citations (6)
    See also Working Paper (2002)

2005

32. A Political Economy Model of Congressional Careers
    American Economic Review, 2005, 95, (1), 347-373 View citations (59)
    See also Working Paper (2004)
33. Identifying individual differences: An algorithm with application to Phineas Gage
    Games and Economic Behavior, 2005, 52, (2), 373-385 View citations (1)
34. Learning About Computers: An Analysis of Information Search and Technology Choice
    Quantitative Marketing and Economics, 2005, 3, (3), 207-247 View citations (11)
35. The influence of wages and industrial relations environments on the production location decisions of U.S. multinational corporations
    Industrial and Labor Relations Review, 2005, 58, (2), 171-200
36. Theory-Driven Choice Models
    Marketing Letters, 2005, 16, (3), 225-237

2004

37. Assessing the Impact of Welfare Reform on Single Mothers
    Brookings Papers on Economic Activity, 2004, 35, (1), 1-116 View citations (26)
38. Behavior in a Dynamic Decision Problem: An Analysis of Experimental Evidence Using a Bayesian Type Classification Algorithm
    Econometrica, 2004, 72, (3), 781-822 View citations (32)
    See also Working Paper (2002)
39. Intertemporal Labor Supply and Human Capital Accumulation
    International Economic Review, 2004, 45, (2), 601-641 View citations (105)

2002

40. Estimating Welfare Effects Consistent with Forward-Looking Behavior. Part I: Lessons from a Simulation Exercise
    Journal of Human Resources, 2002, 37, (3), 570-599 View citations (15)
41. Estimating Welfare Effects Consistent with Forward-Looking Behavior. Part II: Empirical Results
    Journal of Human Resources, 2002, 37, (3), 600-622 View citations (27)
42. Financial Aid, Borrowing Constraints, and College Attendance: Evidence from Structural Estimates
    American Economic Review, 2002, 92, (2), 293-297 View citations (14)
43. Inequality, Transfers, And Growth: New Evidence From The Economic Transition In Poland
    The Review of Economics and Statistics, 2002, 84, (2), 324-341 View citations (23)
    See also Working Paper (2002)

2001

44. The Effect of Parental Transfers and Borrowing Constraints on Educational Attainment
    International Economic Review, 2001, 42, (4), 1051-1103 View citations (130)
45. U.S.-Canada Trade Liberalization And Mnc Production Location
    The Review of Economics and Statistics, 2001, 83, (1), 118-132 View citations (21)

2000

46. An empirical analysis of earnings dynamics among men in the PSID: 1968-1989
    Journal of Econometrics, 2000, 96, (2), 293-356 View citations (23)
47. Eliminating Race Differences in School Attainment and Labor Market Success
    Journal of Labor Economics, 2000, 18, (4), 614-52 View citations (12)
    See also Working Paper

1998

48. A Structural Model of Multiple Welfare Program Participation and Labor Supply
    International Economic Review, 1998, 39, (3), 553-89 View citations (161)
    See also Working Paper (1995)
49. A model of health plan choice:: Inferring preferences and perceptions from a combination of revealed preference and attitudinal data
    Journal of Econometrics, 1998, 89, (1-2), 131-157 View citations (24)
50. Are Financial Analysts' Forecasts of Corporate Profits Rational?
    Journal of Political Economy, 1998, 106, (4), 768-805 View citations (26)
51. Missing price and coupon availability data in scanner panels: Correcting for the self-selection bias in choice model parameters
    Journal of Econometrics, 1998, 89, (1-2), 177-196 View citations (12)
52. Trade Liberalization and Delocalization: New Evidence from Firm-Level Panel Data
    Canadian Journal of Economics, 1998, 31, (4), 749-777 View citations (5)

1997

53. Modeling Heterogeneity and State Dependence in Consumer Choice Behavior
    Journal of Business & Economic Statistics, 1997, 15, (3), 310-27 View citations (42)
54. Statistical inference in the multinomial multiperiod probit model
    Journal of Econometrics, 1997, 80, (1), 125-165 View citations (61)
    See also Working Paper (1994)
55. The Career Decisions of Young Men
    Journal of Political Economy, 1997, 105, (3), 473-522 View citations (311)
    See also Working Paper (1995)

1996

56. Decision-Making Under Uncertainty: Capturing Dynamic Brand Choice Processes in Turbulent Consumer Goods Markets
    Marketing Science, 1996, 15, (1), 1-20 View citations (74)
57. The Employment and Wage Effects of Oil Price Changes: A Sectoral Analysis
    The Review of Economics and Statistics, 1996, 78, (3), 389-400 View citations (28)
    See also Working Paper (1995)

1995

58. Testing the Rationality of Price Forecasts: Reply
    American Economic Review, 1995, 85, (1), 290 View citations (7)

1994

59. A Computationally Practical Simulation Estimator for Panel Data
    Econometrica, 1994, 62, (1), 95-116 View citations (154)
60. Alternative Computational Approaches to Inference in the Multinomial Probit Model
    The Review of Economics and Statistics, 1994, 76, (4), 609-32 View citations (66)
    See also Working Paper (1994)
61. The Solution and Estimation of Discrete Choice Dynamic Programming Models by Simulation and Interpolation: Monte Carlo Evidence
    The Review of Economics and Statistics, 1994, 76, (4), 648-72 View citations (101)
    See also Working Paper (1994)

1993

62. Individual Heterogeneity and Interindustry Wage Differentials
    Journal of Human Resources, 1993, 28, (1), 134-161 View citations (17)
    See also Working Paper (1991)
63. Nominal-Contracting Theories of Unemployment: Evidence from Panel Data
    American Economic Review, 1993, 83, (4), 932-52 View citations (5)
    See also Working Paper (1990)
64. Skill Levels and the Cyclical Variability of Employment, Hours, and Wages
    IMF Staff Papers, 1993, 40, (4), 711-743 View citations (17)

1992

65. A Note on Identification in the Multinomial Probit Model
    Journal of Business & Economic Statistics, 1992, 10, (2), 193-200 View citations (85)
66. On the Estimation of Panel-Data Models with Serial Correlation When Instruments Are Not Strictly Exogenous
    Journal of Business & Economic Statistics, 1992, 10, (1), 1-9 View citations (72)
67. On the Estimation of Panel-Data Models with Serial Correlation When Instruments Are Not Strictly Exogenous: Reply
    Journal of Business & Economic Statistics, 1992, 10, (1), 26-29 View citations (12)

1990

68. Testing the Rationality of Price Forecasts: New Evidence from Panel Data
    American Economic Review, 1990, 80, (4), 714-35 View citations (145)

1989

69. Are economic forecasts rational?
    Quarterly Review, 1989, (Spr), 26-33 View citations (6)

1988

70. Real Wages over the Business Cycle: Estimating the Impact of Heterogeneity with Micro Data
    Journal of Political Economy, 1988, 96, (6), 1232-66 View citations (58)

Chapters

2011

1. The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications
   Elsevier View citations (1)

2001

2. Computationally intensive methods for integration in econometrics
   Chapter 56 in Handbook of Econometrics, 2001, vol. 5, pp 3463-3568 View citations (30)