WorldCat Identities

Keane, Michael P.

Works: 109 works in 196 publications in 1 language and 525 library holdings
Roles: Author, Editor
Classifications: HG3881.5.I58, 121.4
Publication Timeline
Most widely held works about Michael P Keane
Most widely held works by Michael P Keane
Inequality, transfers and growth : new evidence from the economic transition in Poland by Michael P Keane( Book )

17 editions published between 2000 and 2002 in English and Undetermined and held by 37 WorldCat member libraries worldwide

This paper analyzes the evolution of inequality in Poland during the economic transition that began in 1989-90. Using micro data from the Household Budget Surveys, we find that, after a brief spike in 1989, income and consumption inequality actually declined to below pretransition levels during 1990-92 and then increased gradually, rising only moderately above pre-transition levels by 1997. In sharp contrast, inequality in labor earnings increased markedly and consistently throughout the 1990-97 period. We find that social transfer mechanisms, including pensions, played an important role in mitigating increases in both overall inequality and poverty. We argue that, from a political economy perspective, transfer mechanisms were well-designed to reduce political resistance to market-oriented reforms in the early years of transition, paving the way for rapid growth. Finally, we provide crosscountry evidence from the transition economies that is consistent with our interpretation of the Polish experience and is also consistent with recent work in growth theory which suggests that redistribution that reduces inequality can enhance growth
Changes in the structure of earnings during the Polish transition by Michael P Keane( Book )

14 editions published in 2002 in English and held by 34 WorldCat member libraries worldwide

We document changes in the structure of earnings during the economic transition in Poland. We find that inequality in labor earnings increased substantially from 1988 to 1996. A common view is that the reallocation of workers from a public sector with a compressed wage distribution, to a private sector with much higher wage inequality, accounts for the bulk of increased earnings inequality during transition. However, our decomposition of the sources of the increase in inequality suggests that this compositional effect accounts for only 39% of the increase. Fully 52% of the increase is due to the increase in the variance of wages within sectors. That is, earnings inequality within both the private and public sectors grew substantially, and by similar amounts. This illustrates how even state-owned enterprises in Poland moved towards competitive wage setting as they restructured. A substantial part of the increase in earnings inequality was between group, due largely to increased education premia. However, changes in inequality within education-experience-gender groups account for about 60 percent of the increase in overall wage inequality - similar to the patterns observed in the U.S. and U.K. in the 1980s. But, in contrast to the U.S. and U.K. experiences, increases in within-group inequality in Poland were very different across skill groups, with much larger increases for highly educated workers. These patterns hold in both the private and public sectors, although increases in education premia were somewhat greater in the private sector
Sources of advantageous selection : evidence from the Medigap insurance market by Hanming Fang( Book )

10 editions published in 2006 in English and held by 31 WorldCat member libraries worldwide

We provide strong evidence of advantageous selection in the Medigap insurance market, and analyze its sources. Using Medicare Current Beneficiary Survey (MCBS) data, we find that, conditional on controls for the price of Medigap, medical expenditures for senior citizens with Medigap coverage are, on average, about $4,000 less than for those without. But, if we condition on health, expenditures for seniors on Medigap are about $2,000 more. These two findings can only be reconciled if those with less health expenditure risk are more likely to purchase Medigap, implying advantageous selection. By combining the MCBS and the Health and Retirement Study (HRS), we investigate the sources of this advantageous selection. These include income, education, longevity expectations and financial planing horizons, as well as cognitive ability. Once we condition on all these factors, seniors with higher expected medical expenditure are indeed more likely to purchase Medigap. Surprisingly, risk preferences do not appear to be a source of advantageous selection. But cognitive ability emerges as a particularly important factor, consistent with a view that many senior citizens have difficulty understanding Medicare and Medigap rules
The employment and wage effects of oil price changes : a sectoral analysis by Michael P Keane( Book )

6 editions published between 1991 and 1995 in English and held by 26 WorldCat member libraries worldwide

A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables by Robert M Sauer( )

5 editions published between 2007 and 2009 in English and held by 21 WorldCat member libraries worldwide

Classification error in dynamic discrete choice models: implications for female labor supply behavior by Michael P Keane( )

3 editions published in 2006 in English and held by 16 WorldCat member libraries worldwide

Two key issues in the literature on female labor supply are: (1) if persistence in employment status is due to unobserved heterogeneity or state dependence, and (2) if fertility is exogenous to labor supply. Until recently, the consensus was that unobserved heterogeneity is very important, and fertility is endogenous. But Hyslop (1999) challenged this. Using a dynamic panel probit model of female labor supply including heterogeneity and state dependence, he found that adding autoregressive errors led to a substantial diminution in the importance of heterogeneity. This, in turn, meant he could not reject that fertility is exogenous. Here, we extend Hyslop (1999) to allow classification error in employment status, using an estimation procedure developed by Keane and Wolpin (2001) and Keane and Sauer (2005). We find that a fairly small amount of classification error is enough to overturn Hyslop's conclusions, leading to overwhelming rejection of the hypothesis of exogenous fertility
Sectoral shift theories of unemployment : evidence from panel data by Michael P Keane( Book )

6 editions published in 1990 in English and held by 14 WorldCat member libraries worldwide

The solution and estimation of discrete choice dynamic programming models by simulation and interpolation : Monte Carlo evidence by Michael P Keane( Book )

4 editions published in 1994 in English and held by 11 WorldCat member libraries worldwide

Rural development and rural tourism by M. J Keane( Book )

2 editions published in 1990 in English and held by 10 WorldCat member libraries worldwide

Reconciling micro and macro labor supply elasticities : a structural perspective by Michael P Keane( Book )

7 editions published between 2011 and 2012 in English and held by 9 WorldCat member libraries worldwide

The response of aggregate labor supply to various changes in the economic environment is central to many economic issues, especially the optimal design of tax policies. This paper surveys recent work that uses structural models and micro data to evaluate the size of this response. Whereas the earlier literature on this issue often concluded that aggregate labor supply elasticities were small, recent work has identified three key reasons that the aggregate elasticity may be quite large. First, earlier estimates abstracted from several key features, including human capital accumulation, leading to estimates that are dramatically negatively biased. Second, failure to understand that aggregate labor supply adjustments can occur along both the hours per worker and employment margins has led economists to misinterpret the implications of previous estimates for aggregate labor supply. Third, structural estimation of responses along the extensive (i.e., employment) margin are typically quite large
Conceptual scaffolding : using metaphors to build knowledge structures by T Veale( Book )

2 editions published in 1992 in English and held by 9 WorldCat member libraries worldwide

Where do "Soccer Moms" come from? : cognitive constraints on noun-noun compounding in English by Mark Keane( Book )

2 editions published in 1996 in English and held by 8 WorldCat member libraries worldwide

Polysemy in conceptual combinations : testing the constraint theory of combination by F Costello( Book )

2 editions published in 1996 in English and held by 8 WorldCat member libraries worldwide

A computationally practical simulation estimator for panel data : with applications to labor supply and real wage movement over the business cycle by Michael P Keane( Book )

2 editions published in 1989 in English and held by 7 WorldCat member libraries worldwide

Individual heterogeneity and interindustry wage differentials by Michael P Keane( Book )

2 editions published in 1991 in English and held by 6 WorldCat member libraries worldwide

Mixture of normals probit models by John Geweke( Book )

2 editions published in 1997 in English and held by 5 WorldCat member libraries worldwide

Consumption and income inequality in Poland during the economic transition by Michael Keane( Book )

3 editions published between 1998 and 1999 in English and held by 2 WorldCat member libraries worldwide

Poland experienced a sudden economic transformation in late 1989 and early 1990 that has become known as the "big bang." The noncommunist government that took power in 1989 ended food price controls in August 1989 and ended price controls on most other products in January 1990. This led to substantial inflation and changes in relative prices. Other aspects of the reforms, including reductions in state orders for manufactured goods and restraints on credit for state-owned enterprises, along with external shocks such as increased import competition and the collapse of the Council for Mutual Economic Assistance (CMEA) trade bloc, also contributed to large declines in real GDP (of 11.4 percent in 1990 and 7.0 percent in 1991 according to IMF estimates).1
The relation between skill levels and the cyclical variability of employment, hours and wages by Michael P Keane( )

1 edition published in 1993 in English and held by 0 WorldCat member libraries worldwide

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Alternative Names
Keane, M. 1961-

Keane, Michael 1961-

Keane, Michael P. 1961-

Keane, Michael Patrick 1961-

Keane, Micheal P. 1961-

Keane, Mike 1961-

Michael Keane economist

English (90)