Mike Keane
Professor, ARC Laureate Fellow
School of Economics -
PhD Economics, Brown University | MA Economics, Brown University | BS Economics, Massachusetts Institute of Technology
Expertise
Labour economics, empirical microeconomics, econometrics, consumer choice behaviour, marketing, health economics
- Bio
- Publications & Research
- Teaching & Supervision
- Grants
- Engagement
- Prizes & awards
Journal Articles
- Keane MP; McCormick B; Popławska G, 2020, 'Health care spending in the US vs UK: The roles of medical education costs, malpractice risk and defensive medicine', European Economic Review, vol. 124, http://dx.doi.org/10.1016/j.euroecorev.2020.103401
- Keane M; Ketcham J; Kuminoff N; Neal T, 2020, 'Evaluating Consumers’ Choices of Medicare Part D Plans: A Study in Behavioral Welfare Economics', Journal of Econometrics
- Keane M; Neal T, 2020, 'Comparing deep neural network and econometric approaches to predicting the impact of climate change on agricultural yield', The Econometrics Journal, http://dx.doi.org/10.1093/ectj/utaa012
- Keane M; Neal T, 2020, 'Climate Change and U.S. Agriculture: Accounting for Multidimensional Slope Heterogeneity in Panel Data', Quantitative Economics
- Eckstein Z; Keane M; Lifshitz O, 2019, 'Career and Family Decisions: Cohorts Born 1935-1975', Econometrica, vol. 87, pp. 217 - 253, http://dx.doi.org/10.3982/ecta14474
- Ching AT; Erdem T; Keane MP, 2019, 'How much do consumers know about the quality of products? Evidence from the diaper market', Japanese Economic Review, http://dx.doi.org/10.1007/s42973-019-00030-x
- Bruins M; Duffy JA; Keane MP; Smith AA, 2018, 'Generalized indirect inference for discrete choice models', Journal of Econometrics, vol. 205, pp. 177 - 203, http://dx.doi.org/10.1016/j.jeconom.2018.03.010
- Keane M; Thakur R, 2018, 'Health care spending and hidden poverty in India', Research in Economics, vol. 72, pp. 435 - 451, http://dx.doi.org/10.1016/j.rie.2018.08.002
- Keane M; Stavrunova O, 2016, 'Adverse selection, moral hazard and the demand for Medigap insurance', Journal of Econometrics, vol. 190, pp. 62 - 78, http://dx.doi.org/10.1016/j.jeconom.2015.08.002
- Keane MP; Wasi N, 2016, 'Labour Supply: The Roles of Human Capital and The Extensive Margin', Economic Journal, vol. 126, pp. 578 - 617, http://dx.doi.org/10.1111/ecoj.12362
- Keane MP, 2016, 'Life-cycle Labour Supply with Human Capital: Econometric and Behavioural Implications', Economic Journal, vol. 126, pp. 546 - 577, http://dx.doi.org/10.1111/ecoj.12363
- Keane MP; Wasi N, 2016, 'How to model consumer heterogeneity? Lessons from three case studies on SP and RP data', Research in Economics, vol. 70, pp. 197 - 231, http://dx.doi.org/10.1016/j.rie.2016.02.002
- Keane MP, 2015, 'Effects of permanent and transitory tax changes in a life-cycle labor supply model with human capital', International Economic Review, vol. 56, pp. 485 - 503, http://dx.doi.org/10.1111/iere.12112
- Keane M; Rogerson R, 2015, 'Reconciling Micro and Macro Labor Supply Elasticities: A Structural Perspective', Annual Review of Economics, vol. 7, pp. 89 - 117, http://dx.doi.org/10.1146/annurev-economics-080614-115601
- Ching AT; Erdem T; Keane MP, 2013, 'Invited Paper—Learning Models: An Assessment of Progress, Challenges, and New Developments', Marketing Science, vol. 32, pp. 913 - 938, http://dx.doi.org/10.1287/mksc.2013.0805
- Keane M; Wasi N, 2013, 'COMPARING ALTERNATIVE MODELS OF HETEROGENEITY IN CONSUMER CHOICE BEHAVIOR', Journal of Applied Econometrics, vol. 28, pp. 1018 - 1045, http://dx.doi.org/10.1002/jae.2304
- Keane MP, 2013, 'A Dynamic Equilibrium Model of the U.S. Wage Structure, 1968-1996', Journal of Labor Economics, vol. 30, pp. 1 - 49, http://dx.doi.org/10.1086/666698
- Johar M; Jones G; Keane M; Savage E; Stavrunova O, 2013, 'Discrimination in a universal health system: Explaining socioeconomic waiting time gaps', Journal of Health Economics, vol. 32, pp. 181 - 194, http://dx.doi.org/10.1016/j.jhealeco.2012.09.004
- Keane M; Rogerson R, 2012, 'Micro and macro labor supply elasticities: A reassessment of conventional wisdom', Journal of Economic Literature, vol. 50, pp. 464 - 476, http://dx.doi.org/10.1257/jel.50.2.464
- Johar M; Savage E; Stavrunova O; Jones G; Keane M, 2012, 'Geographic Differences in Hospital Waiting Times', Economic Record, vol. 88, pp. 165 - 181, http://dx.doi.org/10.1111/j.1475-4932.2011.00785.x
- Keane M, 2011, 'A Smooth Mixture of Tobits Model for Health Care Expenditure', Health Economics, vol. 20, pp. 1126 - 1153, http://dx.doi.org/10.1002/hec.1777
- Keane M, 2011, 'Labor Supply and Taxes: A Survey', Journal of Economic Literature, vol. 49, pp. 961 - 1075, http://dx.doi.org/10.1257/jel.49.4.961
- Keane M, 2011, 'Human Capital, Taxes and Labour Supply', Economic Record, vol. 87, pp. 37 - 44, http://dx.doi.org/10.1111/j.1475-4932.2011.00736.x
- Bernal R; Keane M, 2011, 'Child care choices and children's cognitive achievement: The case of single mothers', Journal of Labor Economics, vol. 29, pp. 459 - 512, http://dx.doi.org/10.1086/659343
- Johar M; Jones G; Keane M; Savage E; Stavrunova O, 2011, 'Waiting times for elective surgery and the decision to buy private health insurance', Health Economics, vol. 20, pp. 68 - 86, http://dx.doi.org/10.1002/hec.1707
- Wasi N; Keane M; Fiebig D; Louviere J, 2010, 'The Generalized Multinomial Logit Model: Accounting for Scale and Coefficient Heterogeneity', Marketing Science, vol. 29, pp. 393 - 421, http://dx.doi.org/10.1287/mksc.1090.0508
- Keane M, 2010, 'Structural vs Atheoretic Approaches to Econometrics', Journal of Econometrics, vol. 156, pp. 3 - 20, http://gemini.econ.umd.edu/jrust/research/JE_Keynote_7.pdf
- Keane M; Merlo A, 2010, 'Money, Political Ambition, and the Career Decisions of Politicians', American Economic Journal: Microeconomics, vol. 2, pp. 186 - 215, http://www.ssc.upenn.edu/~merloa/wpapers/politicians2_2007.pdf
- Keane M; Sauer R, 2010, 'A Computationally Practical Simulation Estimation Algorithm for Dynamic Panel Data Models with Unobserved Endogenous State Variables', International Economic Review, vol. 51, pp. 925 - 958, http://dx.doi.org/10.1111/j.1468-2354.2010.00606.x
- Bernal R; Keane M, 2010, 'Quasi-structural estimation of a model of childcare choices and child cognitive ability production', Journal of Econometrics, vol. 156, pp. 164 - 189, http://dx.doi.org/10.1016/j.jeconom.2009.09.015
- Keane M, 2010, 'A Structural Perspective on the Experimentalist School', Journal of Economic Perspectives, vol. 24, pp. 47 - 58, http://dx.doi.org/10.1257/jep.24.2.47
- Keane M; Wolpin KI, 2010, '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, vol. 51, pp. 851 - 892, http://dx.doi.org/10.1111/j.1468-2354.2010.00604.x
- Keane M; Sauer RM, 2009, 'Classification Error in Dynamic Discrete Choice Models: Implications for Female Labor Supply Behavior', Econometrica, vol. 77, pp. 975 - 991, http://dx.doi.org/10.3982/ECTA7642
- Keane M, 2009, 'Simulated Maximum Likelihood Estimation Based on First Order Conditions', International Economic Review, vol. 50, pp. 627 - 675, http://dx.doi.org/10.1111/j.1468-2354.2009.00543.x
- Keane M; Roemer JE, 2009, 'Assessing Policies to Equalize Opportunity Using a Dynamic Equilibrium Model of Educational and Occupational Choices', Journal of Public Economics, vol. 93, pp. 879 - 898, http://dx.doi.org/10.1016/j.jpubeco.2009.04.002
- Feinberg SE; Keane M, 2009, 'Tariff effects on MNC decisions to engage in intra-firm and arm's-length trade', Canadian Journal of Economics - Revue Canadienne D Economique, vol. 42, pp. 900 - 929, http://dx.doi.org/10.1111/j.1540-5982.2009.01532.x
- Ching A; Erdem T; Keane M, 2009, 'The price consideration model of brand choice', Journal of Applied Econometrics, vol. 24, pp. 393 - 420, http://dx.doi.org/10.1002/jae.1053
- Fang H; Keane M; Silverman D, 2008, 'Sources of Advantageous Selection: Evidence from the Medigap Insurance Market', Journal of Political Economy, vol. 116, pp. 303 - 350, http://dx.doi.org/10.1086/587623
- Erdem T; Keane M; Sun B, 2008, 'The Impact of Advertising on Consumer Price Sensitivity in Experience Goods Markets', Qme - Quantitative Marketing and Economics, vol. 6, pp. 139 - 176, http://dx.doi.org/10.1007/s11129-007-9020-x
- Erdem T; Keane M; Sun B, 2008, 'A Dynamic Model of Brand Choice when Price and Advertising Signal Product Quality', Marketing Science, vol. 27, pp. 1111 - 1125, http://dx.doi.org/10.1287/mksc.1080.0362
- Geweke J; Keane M, 2007, 'Smoothly Mixing Regressions', Journal of Econometrics, vol. 138, pp. 252 - 290, http://dx.doi.org/10.1016/j.jeconom.2006.05.022
- Fang H; Keane M; Khwaja A; Salm M; Silverman D, 2007, 'Testing the Mechanisms of Structural Models: The Case of the Mickey Mantle Effect', American Economic Review, vol. 97, pp. 53 - 59, http://dx.doi.org/10.1257/aer.97.2.53
- Keane M; Wolpin KI, 2007, 'Exploring The Usefulness Of A Nonrandom Holdout Sample For Model Validation: Welfare Effects On Female Behavior', International Economic Review, vol. 48, pp. 1351 - 1378, http://dx.doi.org/10.1111/j.1468-2354.2007.00465.x
- Keane M; Feinberg SE, 2007, 'Advances in logistics and the growth of intra-firm trade: the case of Canadian affiliates of US multinationals, 1984-1995', Journal of Industrial Economics, vol. 55, pp. 571 - 632, http://dx.doi.org/10.1111/j.1467-6451.2007.00323.x
- Keane M; Prasad ES, 2006, 'Changes in the Structure of Earnings During the Polish Transition', Journal of Development Economics, vol. 80, pp. 389 - 427, http://dx.doi.org/10.1016/j.jdeveco.2005.04.001
- Feinberg SE; Keane M, 2006, 'Accounting for the Growth of MNC-based Trade using a Structural Model of U.S. MNCs', American Economic Review, vol. 96, pp. 1515 - 1558, http://dx.doi.org/10.1257/aer.96.5.1515
- Bognanno M; Keane M; Yang D, 2005, 'The Influence of Wages and Industrial Relations Environments on the Production Location Decisions of U.S. Multinational Corporations', Industrial and Labor Relations Review, vol. 58, pp. 171 - 200
- Keane M, 2005, 'A Political Economy Model of Congressional Careers', American Economic Review, vol. 95, pp. 347 - 373
- Houser D; Bechara A; Keane M; McCabe K; Smith V, 2005, 'Identifying individual differences: An algorithm with application to Phineas Gage', Games and Economic Behavior, vol. 52, pp. 373 - 385, http://dx.doi.org/10.1016/j.geb.2005.01.004
- Erdem T; Keane M; Sabri oncu T; Strebel J, 2005, 'Learning About Computers: An Analysis of Information Search and Technology Choice', Qme - Quantitative Marketing and Economics, vol. 3, pp. 207 - 247, http://dx.doi.org/10.1007/s11129-005-0269-7
- Erdem T; Swait J; Broniarczyk S; Kapferer J; Keane M; Roberts JH; Steenkamp J; Zettelmeyer F, 1999, 'Brand equity, consumer learning and choice', Marketing Letters, vol. 10, pp. 301 - 318, http://dx.doi.org/10.1023/A:1008135224357
Book Chapters
- Ching A; Erdem T; Keane M, 2017, 'Empirical Models of Learning Dynamics: A Survey of Recent Developments', in Wierenga B; van der Lans R (ed.), Handbook of Marketing Decision Models, Springer, pp. 223 - 36
- Keane M; Thorp S, 2016, 'Complex Decision Making: The Roles of Cognitive Limitations, Cognitive Decline and Aging', in Piggott J; Woodland A (ed.), Handbook of the Economics of Population Aging, Elsevier, pp. 661 - 710
- Keane M, 2015, 'Panel Data Discrete Choice Models of Consumer Deamnd', in The Oxford Handbook of Panel Data, Oxford University Press, USA, pp. 548 - 582, https://global.oup.com/academic/product/the-oxford-handbook-of-panel-data-9780199940042?cc=au&lang=en&
- Geweke J; Keane M, 2006, 'Bayesian Cross-Sectional Analysis of the Conditional Distribution of Earnings of Men in the United States, 1967-1996', in Upadhyay SK; Singh U; Dey DK (ed.), Bayesian Statistics And Its Applications, Anshan Ltd, India, pp. 160 - 197
- Keane M, 2005, 'Econometric Challenges in Estimating FDI Spillover Effects on Productivity', in Moran TH; Graham EM; Blomstrom M (ed.), Does foreign direct investment promote development?, Institute for International Economics, USA, pp. 179 - 191
- Feinberg SE; Keane M, 2005, 'The Intra-firm Trade of US MNCs: Findings and Implications for Models and Policies Towards Trade and Investment', in Moran TH; Graham EM; Blomstrom M (ed.), Does foreign direct investment promote development?, Institute for International Economics, USA, pp. 245 - 271
Research Grants
- 2009-2013: Australian Research Council Discovery Grant, 'How the Allocation of Children's Time Affects Cognitive and Non-Cognitive Development'
- 2009-2011: Australian Research Council Discovery Grant, 'The Effect of Hospital Waiting Times on Demand for Private Health Insurance'
- 2007-2010: Australian Research Council Discovery Grant, 'Effects of Maternal Work, Day Care Use and Other Investments in Children on Child Cognitive Outcomes'
- 2006-2007: Australian Research Council Discovery Grant, 'Modeling Health Insurance Choices and the Design of Health Insurance Markets'
- 2000-2003: National Institutes of Health, 'An Analysis of Earnings Inequality and Earnings Mobility', with John Geweke
- 1998-2000: National Council for Eastern European and Eurasian Research, 'Consumption in Poland During Economic Transition', with Eswar Prasad
- 1998-2001: National Science Foundation, 'Consumer learning about Quality and its Role in Consumer Choice', with Tulin Erdem
- 1998-2001: National Science Foundation, 'A Political Economy Model of Congressional Careers', with Antonio Merlo
- 1995-1997: National Science Foundation, 'Theoretical and Empirical Issues in Consumer Decision Making', with Tulin Erdem
- 1995-1997: U.S. Department Labor, Bureau of Labor Statistics, contract to Battelle Memorial Institute, SGA 94-04 'An Examination of School to Work Transitions in the NLSY', with Ken Wolpin
- 1992-1995: National Institutes of Health, 'The Career Decisions of Young Men', with Ken Wolpin
- 1994-1995: Institute for Research on Poverty, 'The Dynamics of Earnings and Poverty', with John Geweke
- 1995-1999: National Institutes of Health, 'Public Welfare and Life Cycle Decisions of Young Women', with Ken Wolpin