BA, MSc, PhD



Economics
2020

Michael’s research is in the areas of applied health and labour economics. He has worked on a wide range of topics including the determinants of life satisfaction, socioeconomic inequalities in health, the causes and consequences of poor mental health, the measurement of health status, intra-household allocation and decision-

making, the extent of labour market discrimination, the impacts of crime, shortages in the nursing labour markets, and the economics of immigration. 

He recently held an ARC Future Fellowship, and is currently working on issues around social isolation, loneliness, job insecurity, and mental health. His research has been published in leading international journals including the American Economic Review, Journal of Economic Literature, Journal of Business and Economics Statistics, American Economic Journal: Applied, Economic Journal, and Demography. 


Professor and Research Director, Centre for Health Economics, Monash University 

Professor of Economics, Department of Economics, University of Melbourne (2008-2011) 


ARC Future Fellow (2014-18) 

Professorial Fellow, Melbourne Institute (2011-) 

IZA Research Fellow (1999-) 

Vice President, Australian Health Economics Society (2003-14) 

Australian Health Economics Society (AHES) Best Research Paper Prize (2011) 

Associate Editor, Health Economics (2006-) 

Associate Editor, Economic Record (2010-) 

1. Johnston, D., Shields, M. and Suziedelyte, A. (2018). Victimisation, wellbeing and compensation: using panel data to estimate the costs of violent crime. Economic Journal, 128, pp. 1545-69.  

2. Johnston, D., Propper, C. and Shields, M. (2009). Comparing subjective and objective health measures: Implications from hypertension for the estimated income/health gradient. Journal of Health Economics, 28, pp. 540552.  

3. Clark, A., Frijters, P. and Shields, M. (2008). Relative income, happiness and utility: An explanation for the Easterlin Paradox and other puzzles. Journal of Economic Literature, XLVI, pp. 95-144.  

4. Frijters, P., Haisken-DeNew, J. and Shields, M. (2004). Money does matter! Evidence from increasing real incomes and life satisfaction in East Germany following reunification. American Economic Review, 94, pp. 730740. 

5. Shields, M. and Ward, M. (2001). Improving nurse retention in the British