Jeffrey R. Brown
Assistant Professor of Finance,
College of Commerce and Business Administration, University of Illinois
Background
Jeffrey R. Brown is an Assistant Professor of Finance at University of Illinois' College of Commerce and Business Administration. He is also a Faculty Research Fellow of the National Bureau of Economic Research. His primary fields of interest are public finance, social insurance, and the economics of aging. His current research focuses on the role of public and private insurance markets in providing retirement income, with a special emphasis on the implications for Social Security and pension reform. Prior to graduate school, he worked for several years as a Brand Manager in the Health Care Division of the Procter & Gamble Company.
Professor Brown received a BA in Economics and Political Science from Miami University in Oxford, Ohio. He received his Masters in Public Policy from the Kennedy School of Government at Harvard University and his Ph.D. in Economics from the Massachusetts Institute of Technology.
Research Projects for the Center for Retirement Research
Completed
"Top Ten Myths of Social Security Reform" (with Kevin Hassett and Kent Smetters), Working Paper, #2005-11, October 2005
"Household Demand for Variable Annuities" (with James M. Poterba), Working Paper, #2004-08, March 2004
"Annuities and Individual Welfare" (with Thomas Davidoff and Peter Diamond), Working Paper, #2003-12, May 2003.
"Redistribution and Insurance: Mandatory Annuitization With Mortality Heterogeneity" Working Paper, #2001-02, April 2001.
"How Should We Insure Longevity Risk in Pensions and Social Security" Issue in Brief #4, August 2000.
Selected Publications
- Brown, Jeffrey R. 1999. "Are the Elderly Really Over-Annuitized? New Evidence on Life Insurance and Bequests." NBER Working Paper, No. 7193 (June) forthcoming in D. Wise, ed., Perspectives on the Economics of Aging.
- Brown, Jeffrey R., Olivia Mitchell, James Poterba, and Mark Warshawsky. 1999. "New Evidence of the Money’s Worth of Individual Annuities." The American Economic Review 89(5).
- Brown, Jeffrey R., Olivia Mitchell, James Poterba, and Mark Warshawsky. 1999. "Taxing Retirement Income: Non-Qualified Annuities and Distributions from Qualified Accounts." National Tax Journal (September).
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