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Jeffrey R. Brown
Assistant Professor of Finance

Educational Background

Ph.D Economics, Massachusetts Institute of Technology, 1999
M.P.P. Public Policy, Harvard University, Kennedy School of Government, 1995
B.A. Economics and Political Science, Miami University, 1990

Positions Held

At the 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.

Recent Publications

Brown, J., & 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 & P. Larson
(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 Excellent, 2003. 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 Foundation, 1999.

Academic Service

Steering Committee, NBER Retirement Research Center, 2003-present. Co-Editor, The Journal of Pension Economics and Finance, 2002-present.

Teaching and Research

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.

Contact Information:
328F David Kinley Hall
1407 W. Gregory Drive
Urbana, IL 61801
(217) 333-3322
brownjr@uiuc.edu


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