Michael Keane

Nuffield Professor of Economics

University of Oxford, Nuffield College, UK

NLS user since 1988

  • Keane, M., Moffitt R. and D. Runkle (1988). Real Wages over the Business Cycle: Estimating the Impact of Heterogeneity with Micro Data. Journal of Political Economy, 96, 1232-1266.
  • Keane, M. (1993). Nominal Contracting Theories of Unemployment: Evidence from Panel Data. American Economic Review, 83:4, 932-52.
  • Keane, M. and E. Prasad (1996). The Employment and Wage Effects of Oil Price Shocks: A Sectoral Analysis. Review of Economics and Statistics, 78:3, 389-401.
  • Keane, M. And K. Wolpin (1997). The Career Decisions of Young Men. Journal of Political Economy, 105:3, 473-522.
  • Keane, M. and K. Wolpin (2000). Equalizing Race Differences in School Attainment and Labor Market Success. Journal of Labor Economics, 18:4, 614-52.
  • Keane, M. and K. Wolpin (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, 51:3, 851-892.
What I learned from NLS data

The longitudinal nature of the NLS has enabled us to obtain a much better understanding of the factors that contribute to the growth of human capital over the life-cycle. One thing we appreciate much more than 20 years ago is the relative importance of human capital investment at very young ages.