Marc K. Chan

University of Melbourne

I am a Professor in the department of economics, University of Melbourne. My main areas of research include labour economics, public economics, and econometrics.

A major part of my research concerns the impact of the welfare system and related social programs on choice behaviour. My research also focuses on combining theoretical and empirical quantitative approaches to economic problems related to public policy.

For more information about me, please click here.

Selected Research Papers:

[1] A Dynamic Model of Welfare Reform 

Econometrica (2013)   (link to paper)

                    Keywords:  Welfare reform, Earnings subsidy, Female labor supply, Multiple program participation, Structural estimation

[2] Who Receives Unemployment Insurance? (with Marios Michaelides and Sisi Zhang)

Research in Applied Economics (2014)   (link to paper)

                    Keywords:  Unemployment Insurance, Administrative data

[3] Capital Account Liberalization and Dynamic Price Discovery: Evidence from Chinese Cross-Listed Stocks (with Simon Kwok)

Applied Economics (2016)   (link to paper) (publisher's site)

                    Keywords:  Capital account liberalization, Cointegration, VECM, Cross-listing

[4] Welfare Dependence and Self-Control: An Empirical Analysis

Review of Economic Studies (2017)   (link to paper) (publisher's site) (online appendix) 

                    Keywords:   Welfare dependence, Hyperbolic discounting, Commitment device, Time preference, Policy experiment, Structural estimation

[5] Risk-Sharing, Market Imperfections, Asset Prices: Evidence from China's Stock Market Liberalization (with Simon Kwok)

Journal of Banking and Finance (2017)   (link to paper) (publisher's site)

                    Keywords:   Stock market liberalization, Risk-sharing, Market imperfections, Asset pricing

[6] Connecting the Markets? Recent Evidence on China's Capital Account Liberalization (with Simon Kwok)

Economic Modelling (2018)   (link to paper) (publisher's site)

                    Keywords:    Liberalization, Law of one price, Cross-listed shares

[7] Measuring the Effects of Welfare Time Limits

Journal of Human Resources (2018)   (link to paper) (publisher's site)

                    Keywords:   Welfare time limit, Policy experiment, Reduced-form vs structural models, Dynamic panel data

[8] Life-Cycle and Intergenerational Effects of Child Care Reforms (with Kai Liu)

Quantitative Economics (2018)   (link to paper) (publisher's site) (online appendix) 

                    Keywords:    Female labor supply, Child care reform, Fertility, Cognitive development of children, Structural estimation

[9] Welfare Reform and the Labor Market (with Robert Moffitt)

Annual Review of Economics (2018)   (link to paper) (publisher's site)

                    Keywords:    Welfare reform, Labor supply, Earnings subsidy, Childcare reform

[10] Unintended Consequences of Supply-Side Cost Control? Evidence from China's New Cooperative Medical Scheme (with Guohua Zeng)

Journal of Health Economics (2018)   (link to paper) (publisher's site) 

                    Keywords:    Public health insurance, Cost control, Fee limit, Inpatient health care
                                                        (Note: Funded by the National Social Science of China.)

[11] Unemployment Duration, Fiscal and Monetary Policies, and the Output Gap: How do the Quantile Relationships Look Like?  (with Akbar Zamanzadeh, Mohammad A. Ehsani and Mojtaba Ganjali)

  Economic Modelling (2020)   (link to paper)   

         Keywords:    Unemployment duration, Quantile regression, MCMC

[12] The ATO Longitudinal Information Files (ALife): A New Resource for Retirement Policy Research (with Cain Polidano, Andrew Carter, Abraham Chigavazira, Hang To, Justin Holland, Son Nguyen, Ha Vu and Roger Wilkins)

   Australian Economic Review (2020)   (link to paper)   

         Keywords:    Retirement income, Taxation, Private pension, Tax-register data
                                            (Note: Funded by the Australian Research Council Linkage Grant. Partner: Australian Taxation Office.)

[13] Cream Skimming: Theory and Evidence from Hospital Transfers and Capacity Utilization (with Ou Yang, Terence Cheng and Jongsay Yong)

Journal of Economic Behavior and Organization (2020)   (link to paper) (publisher's site) 

                    Keywords:    Cream skimming, Hospital transfers, Capacity utilization, Mixed private-public hospital system
                                                          (Note: Funded by a National Health and Medical Research Council (NHMRC) Partnership Grant and in collaboration with the Victorian Department of Health.)

[14] The PCDID Approach: Difference-in-Differences when Trends are Potentially Unparallel and Stochastic (with Simon Kwok)

  Journal of Business and Economic Statistics (2022)   (link to paper) (online appendix)  

         Keywords:    Principal components difference-in-differences, Interactive fixed effects, Factor-augmented regressions, Treatment effects, Parallel trends

              *Click here for the STATA package that implements PCDID estimation*

[15] Income and Saving Responses to Tax Incentives for Private Retirement Savings (with Todd Morris, Cain Polidano and Ha Vu)

      Journal of Public Economics (2022)    (link to paper)

                    Keywords:    Tax concessions, Retirement saving, Taxable income, Labor supply, Tax-register data
                                                          (Note: Funded by the Australian Research Council Linkage Grant. Partner: Australian Taxation Office.)

[16] The Effect of Job Search Requirements on Family Welfare Receipt (with Nicolas Herault, Ha Vu and Roger Wilkins)

  Journal of Labor Economics (forthcoming)  (link to paper)     

                    Keywords:    Family welfare receipt, Unemployment benefit, Job search requirements, Regression discontinuity, Welfare administrative data                           

[17] Changing Families: Family Relationships, Parental Decisions and Child Development (with Kai Liu)

  Journal of Labor Economics (forthcoming) (link to paper)     

                    Keywords:    Biological and Step-Families, Cognitive and non-cognitive development, Quasi-structural model, Control functions

[18] Are Targeted Matching Schemes Effective in Stimulating Retirement Savings? (with Cain Polidano, Ha Vu, Roger Wilkins, Andrew Carter and Hang To)

  (link to paper)     

                    Keywords:    Private pension, Government matching schemes, Retirement income, Aging population, Tax-register data
                                                        (Note: Funded by the Australian Research Council Linkage Grant. Partner: Australian Taxation Office.)                              

[19] Consumption Sensitivity to Stimulus Payments and Income Nonfungibility (with Kamhon Kan)

  (link to paper)     

                    Keywords:    Consumption Sensitivity, Mental Accounting, Income Nonfungibility, Stimulus Payments, Marginal Propensity to Consume

[20] Understanding Program Complementarities: Estimating the Dynamic Effects of Head Start with Multiple Alternatives (with Antonio Dalla-Zuanna and Kai Liu)

  (link to paper)     

                    Keywords:    Head Start, Sequential program participation, Dynamic treatment effects, Cognitive development, Experimental and non-experimental methods

Note: Some papers have new drafts and some are not listed. Please email me for more information.