WorldCat Identities

Keane, Michael P.

Overview
Works: 31 works in 89 publications in 1 language and 339 library holdings
Genres: Longitudinal studies 
Roles: Creator
Classifications: HG3881.5.I58, 330.015195
Publication Timeline
Key
Publications about  Michael P Keane Publications about Michael P Keane
Publications by  Michael P Keane Publications by Michael P Keane
Most widely held works by Michael P Keane
Sources of advantageous selection evidence from the Medigap insurance market by Hanming Fang ( )
6 editions published in 2006 in English and held by 54 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"--National Bureau of Economic Research web site
Changes in the structure of earnings during the Polish transition by Michael P Keane ( Book )
14 editions published between 2001 and 2002 in English and held by 52 WorldCat member libraries worldwide
Inequality, transfers and growth : new evidence from the economic transition in Poland by Michael P Keane ( Book )
16 editions published between 2000 and 2002 in English and held by 49 WorldCat member libraries worldwide
Among the most dramatic economic events of the early 1990s was the beginning of the process of transformation of countries in Eastern Europe from planned to market economies. These transition economies have had considerably different experiences in terms of the speed and success of transition and in terms of macroeconomic outcomes including output growth. But a widely held view is that, in all of these economies, the economic upheaval associated with the process of transition has led to substantial increases in inequality (see, e.g., Aghion and Commander, 1999)
Reconciling micro and macro labor supply elasticities a structural perspective by Michael P Keane ( )
5 editions published in 2011 in English and held by 35 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
The relation between skill levels and the cyclical variability of employment, hours and wages by Michael P Keane ( Book )
7 editions published between 1991 and 1993 in English and held by 32 WorldCat member libraries worldwide
This paper uses micro panel data to examine differnces in the cyclical variability of employment, hours, and real wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences emerge in the patterns of employment and hours variation for skilled versus unskilled workers, especially when a college degree is used as a proxy for skills
A computationally practical simulation estimation algorithm for dynamic panel data models with unobserved endogenous state variables by Robert M Sauer ( )
7 editions published between 2007 and 2009 in English and held by 25 WorldCat member libraries worldwide
This paper develops a simulation estimation algorithm that is particularly useful for estimating dynamic panel data models with unobserved endogenous state variables. The new approach can easily deal with the commonly encountered and widely discussed "initial conditions problem," as well as the more general problem of missing state variables during the sample period. Repeated sampling experiments on dynamic probit models with serially correlated errors indicate that the estimator has good small sample properties. We apply the estimator to a model of married women's labor force participation decisions. The results show that the rarely used Polya model, which is very difficult to estimate given missing data problems, fits the data substantially better than the popular Markov model. The Polya model implies far less state dependence in employment status than the Markov model. It also implies that observed heterogeneity in education, young children and husband income are much more important determinants of participation, while race is much less important. -- Initial conditions ; missing data ; simulation ; female labor force participation
Classification error in dynamic discrete choice models: implications for female labor supply behavior by Michael P Keane ( )
4 editions published in 2006 in English and held by 18 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
Statistical inference in the multinominal multiperiod probit model by John Geweke ( Book )
2 editions published in 1994 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 )
2 editions published in 1994 in English and held by 13 WorldCat member libraries worldwide
Mixture of normals probit models by John Geweke ( Book )
2 editions published in 1997 in English and held by 7 WorldCat member libraries worldwide
Individual heterogeneity and interindustry wage differentials by Michael P Keane ( Book )
1 edition published in 1991 in English and held by 6 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 )
1 edition published in 1989 in English and held by 6 WorldCat member libraries worldwide
Sectoral shift theories of unemployment : evidence from panel data by Michael P Keane ( Book )
1 edition published in 1990 in English and held by 5 WorldCat member libraries worldwide
Nominal contracting theories of unemployment : evidence from panel data by Michael P Keane ( Book )
1 edition published in 1990 in English and held by 5 WorldCat member libraries worldwide
An empirical analysis of income dynamics among men in PSID : 1968-1989 by John Geweke ( Book )
3 editions published in 1997 in English and held by 5 WorldCat member libraries worldwide
A political economy model of congressional careers by Daniel Diermeier ( )
2 editions published in 2004 in English and held by 2 WorldCat member libraries worldwide
Theories in political economy depend critically on assumptions about motivations of politicians. Our analysis starts from the premise that politicians, like other economic agents, are rational individuals who make career decisions by comparing the expected returns of alternative choices. The main goal of the paper is to quantify the returns to a career in the United States Congress. To achieve this goal we specify a dynamic model of career decisions of a member of Congress and we estimate this model using a newly collected data set. Given estimates of the structural model, we assess reelection probabilities for members of Congress, estimate the effect of congressional experience on private and public sector wages, and quantify the value of a congressional seat. Moreover, we use the estimated model to assess how an increase in the congressional wage or the imposition of term limits would affect the career decisions of politicians and the returns to a career in Congress
Estimating welfare effects consistent with forward-looking behavior : part I lessons from a simulation exercise by Michael P Keane ( Book )
1 edition published in 2001 in English and held by 1 WorldCat member library worldwide
The effect of parental transfers and borrowing constraints on educational attainment by Michael P Keane ( Book )
1 edition published in 2001 in English and held by 1 WorldCat member library worldwide
Adverse selection, moral hazard and the demand for medigap insurance by Michael Keane ( Book )
1 edition published in 2011 in English and held by 1 WorldCat member library worldwide
Labor supply and taxes : a survey by Michael P Keane ( Book )
1 edition published in 2010 in English and held by 1 WorldCat member library worldwide
 
moreShow More Titles
fewerShow Fewer Titles
Audience Level
0
Audience Level
1
  Kids General Special  
Audience level: 0.83 (from 0.47 for A computat ... to 1.00 for A computat ...)
Alternative Names
Keane, M. 1961-
Keane, Michael 1961-
Keane, Michael Patrick 1961- Vollstaendiger Name
Keane, Micheal P. 1961-
Keane, Mike 1961-
Languages
English (78)