Prestigious fellowship for Michael Keane

Wednesday, 19 September 2012  Features

How can people be helped to make better investment decisions with their superannuation? That is one of the questions being examined by Professor Michael Keane from the Australian School of Business.

He has been elected as a fellow of the Academy of the Social Sciences in Australia, in recognition of his exceptional research in areas such as health insurance, aged care and superannuation.

Professor Keane says "a better understanding of how people make decisions in these three key areas is of clear national importance, with substantial flow-on implications for the Australian aged pension system. For example, we need to work out why and how people choose one fund over another, or differentiate between the risks in investments or types of insurance, to help people with their superannuation choices and decision making when it comes to working out where to invest, and so make better retirement decisions and improve their wellbeing in retirement."

"Prudent decisions in relation to private health insurance, superannuation and aged care are becoming increasingly important for people to reach retirement with adequate provision of resources."

Professor Alec Cameron, Dean of the Australian School of Business at the University of New South Wales said "I am delighted that Professor Keane has been awarded the Fellowship. He is a leading international expert in the fields of econometrics and applied microeconomics. Professor Keane has an outstanding, sustained track record in methodological innovations in statistics, particularly in the area of choice modelling."

Fellows of the Academy of the Social Sciences in Australia are elected by their peers on the basis of having achieved a very high level of scholarly distinction and for having made a distinguished contribution to one or more disciplines of the social sciences.