Jeffrey R. Brown
Assistant Professor of Finance
Economics, Massachusetts Institute of Technology, 1999
M.P.P. Public Policy, Harvard University, Kennedy School of Government,
B.A. Economics and Political Science, Miami University, 1990
University of Illinois since 2002. Faculty Research Fellow,
National Bureau of Economic Research, 1999-present. Senior
Economist, White House Council of Economic Advisers,
2001-2002. Economist, Presidentís Commission to Strengthen
Social Security, 2001. Assistant Professor of Public Policy,
Harvard University, 1999-2002. Brand Manager, The Procter &
Gamble Company, 1993, Assistant Brand Manager, The Procter &
Gamble Company, 1990-1993.
& Cummins, J. D., Lewis, C., & Wei, R. An empirical analysis
of the economic impact of federal terrorism insurance.
The Journal of Monetary Economics, forthcoming.
Weisbenner, S. J., & Brown, J. Intergenerational transfers
and savings behavior. In Economics of aging. Chicago:
University of Chicago Press, forthcoming.
Brown, J. 2003. Redistribution and insurance: Mandatory annuitization
with mortality heterogeneity. The Journal of Risk and
Insurance, 70 (1): 17-41. forthcoming.
Brown, J., & Weisbenner, S. 2003. Intergenerational
transfers and savings behavior. In Economics of Aging.
Chicago, IL: University of Chicago Press, forthcoming.
Brown, J. 2002. How should we insure longevity risk in
pensions and social security? In P. Edelman, D. Salisbury &
(Eds.), The future of social insurance:
Incremental action or fundamental reform? 148-172.
Washington, DC: National Academy of Social Insurance.
Brown, J., Mitchell, O., & Poterba, J. 2002. Mortality risk,
inflation risk, and annuity products. In Innovations in
retirement financing: 175-197. Philadelphia, PA:
University of Pennsylvania Press.
Brown, J. 2002. Differential mortality and the value of
individual account retirement annuities. In The
distributional effects of social security reform:
410-446, Chicago, IL: University of Chicago Press.
Brown, J., Kroszner, R., & Jenn, B. 2002. Federal terrorism
risk insurance. The National Tax Journal, 55: 647-657.
Brown, J., & Goolsbee, A., 2002. Does the Internet make
markets more competitive? Evidence from the life insurance
industry. Journal of Political Economy, 110: 481-507.
Brown, J. 2001. Private pensions, mortality risk, and the
decision to annuitize. Journal of Public Economics.
82 (1): 29-62.
Brown, J., Mitchell, O., & Poterba, J. 2001. The role of
real annuities and indexed bonds in an individual accounts
retirement program. In Risk aspects of investment-based
social security reform: 321-360. Chicago, IL: University
of Chicago Press.
Brown, J. 2001. Are the elderly really over-annuitized? New
evidence on life insurance and bequests. In D. Wise (Ed),
Themes in the economics of aging: 91-124. Chicago, IL:
University of Chicago Press.
Brown, J., Mitchell, O., Poterba, J., & Warshawsky, M. 2001.
The role of annuities in financing retirement.
Cambridge, MA: MIT Press.
Brown, J., & Poterba, J. 2000. Joint life annuities and the
demand for annuities by married couples. The Journal of Risk
and Insurance, 67: 527-553.
Honors and Awards
Robert Wood Johnson Foundation Scholar in
Health Policy, 2004. Incomplete List of Teachers Rated as
Elected to National Academy of Social Insurance, 2002.
Lumina Award for Pioneering Research in Insurance, 2001.
Appointed Faculty Research Fellow, National Bureau of
Economic Research, 2001. Graduate Fellow, National Science
Committee, NBER Retirement Research Center, 2003-present.
Co-Editor, The Journal of Pension Economics and Finance,
Teaches courses in insurance and corporate finance. Research interests
include public and private insurance markets, including annuities,
life insurance, long-term care insurance, pensions and Social Security.
He has served as a consultant to the World Bank and to the Executive
Office of the President of the United States.
328F David Kinley Hall
1407 W. Gregory Drive
Urbana, IL 61801