College of Business: University of Illinois at Urbana-Champaign

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Finance professor named to Social Security Advisory Board


President George W. Bush has appointed Jeffrey R. Brown, an associate professor of Finance, to the Social Security Advisory Board. This recess appointment is effective immediately and will allow him to serve until January 2008.

The bi-partisan, seven-member board advises the President, Congress, and the Commissioner of Social Security on matters related to the Social Security and Supplemental Security Income programs.

“Strengthening Social Security so that it is fiscally sound for decades to come is one of the most important public policy issues facing the country,” Brown said. “I’m honored to have the opportunity to serve.”

Brown is no stranger to government service. 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.  

His service on the Board will enhance his contributions to the University of Illinois, and vice versa.  “This represents an opportunity to bring cutting-edge academic research to bear on public policy, and also to use real-world policy experience to inform my research and teaching.”  

Brown holds a Ph.D. in economics from the Massachusetts Institute of Technology, a Masters of Public Policy from Harvard University, and a B.A. from Miami University.

He has published extensively on public and private insurance markets, is co-author of the book The Role of Annuities in Financing Retirement, and is co-founder and co-editor of the Journal of Pension Economics and Finance.

The White House press release is available at

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