Jeffrey R. Brown
William G. Karnes Professor of Finance,
University of Illinois at Urbana-Champaign
Background
Jeffrey Brown is the William G. Karnes
Professor in the Department of Finance at the
University of Illinois at Urbana-Champaign and
Director of the Center for Business and Public Policy in the College of
Business. He also serves as Associate Director of the NBER Retirement Research
Center. Prior to joining the Illinois faculty, Dr. Brown was an Assistant
Professor of Public Policy at Harvard University’s John F. Kennedy School of
Government. During 2001-2002, he
served as Senior Economist at the White House Council of Economic Advisers where
he focused primarily on Social Security, pension reform, and terrorism risk
insurance. During 2001 he also
served on the staff of the President’s Commission to Strengthen Social
Security.
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).
Links