College of Business: University of Illinois at Urbana-Champaign

Professor of Finance and William G. Karnes Professor of Finance and
Director of Center for Business & Public Policy

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

Founding Member, Institutional Retirement Income Research Council, 2008 - Present
Research Fellow, Netspar (Network for Studies on Pensions, Aging and Retirement), Netherlands, 2008 - Present
Editor, Tax Policy and the Economy, National Bureau of Economic Research, 2008 - Present
Professor of Economics (Courtesy Appointment), University of Illinois Department of Economics, 2008 - Present
Professor of Finance, University of Illinois, 2007 - Present
William G. Karnes Professor of Finance, University of Illinois, 2007 - Present
Director of Center for Business & Public Policy, University of Illinois, 2007 - Present
Fellow, TIAA CREF Research Institute, 2007 - Present
Faculty Affiliate, University of Illinois Institute for Government and Policy Affairs (IGPA), 2007 - Present
Member of Advisory Committee, Academy on Capitalism and Limited Government, 2007 - Present
Research Associate, Public Economics Program, National Bureau of Economic Research, 2005 - Present
Research Associate, Economics of Aging Program, National Bureau of Economic Research, 2005 - Present
Fellow, China Center for Social Security and Insurance Research (Beijing Univ.), 2005 - Present
Associate Director, NBER Retirement Research Center, 2003 - Present
Julian Simon Faculty Fellow, University of Illinois, 2005 - Present
Sandell Grant Selection Committee, Retirement Research Consortium, 2009
Public Trustee Nominee, U.S. Social Security and Medicare Trust Funds, Nominated by President Bush, February 2008, Nomination Expired Unconfirmed December 2008, 2008
Member, Social Security Advisory Board; Recess Appointment by President Bush, October, 2006. Confirmed by U.S. Senate, December 2006., 2006-2008
Dissertation Fellowship Committee Member, Retirement Research Consortium, 2006-2008
Associate Professor, University of Illinois, 2005-2007
Member of Search Committee for new Editor of the Journal of Risk and Insurance, American Risk and Insurance Association (ARIA), 2006
Assistant Professor of Finance, University of Illinois, 2002-2005
Faculty Research Fellow, Public Economics Program, National Bureau of Economic Research, 1999-2005
Faculty Research Fellow, Economics of Aging Program, National Bureau of Economic Research, 1999-2005
Member of Selecction Committee for Kulp-Wright Book Award, American Risk and Insurance Association (ARIA), 2004
Research Associate, BC Center for Retirement Research, 2000-2003
Economist, President's Commission to Strengthen Social Security, 2001-2002
Senior Economist, White House Council of Economic Advisers, 2001-2002
Member of Annual Meeting Program Committee, American Risk and Insurance Association (ARIA), 2001-2002
Faculty Research Fellow, Harvard Center for Business and Government, 2001-2002
Assistant Professor of Public Policy, Harvard University, John F. Kennedy School of Government, 1999-2002
Member of Officer Nominating Committee, American Risk and Insurance Association (ARIA), 2001
Brand Manager, Health Care Division, The Procter & Gamble Company, 1993

Brown, J., Biggs, A. Forthcoming. Reforming the Pension Benefit Guaranty Corporation. In Jeffrey R. Brown (Ed.), Private Markets and Public Insurance Programs. Washington, DC: American Enterprise Institute Press.

Brown, J., Coile, C., Weisbenner, S. Forthcoming. The Effect of Inheritance Receipt on Retirement Decisions. Review of Economics and Statistics

Brown, J. Jeffrey R. Brown, Jeffrey Liebman and David Wise (Ed.). Forthcoming. Social Security Policy in a Changing Environment. Chicago, IL: University of Chicago Press.

Brown, J., Wilcox, D. Forthcoming. Discounting State and Local Pension Liabilities. The American Economic Review

Brown, J., Finkelstein, A. 2009. The Private Market for Long-Term Care Insurance in the United States: A Review of the Evidence. Journal of Risk and Insurance, 76: 5-29

Brown, J. 2009. Understanding the Role of Annuities in Retirement Planning. In Annamaria Lusardi (Ed.), Overcoming the Saving Slump, 178-206. Chicago, IL: University of Chicago Press.

Brown, J. 2008. Comment on John Beshears, James Choi, David Laibson and Brigitte Madrian, "The Importance of Default Options for Retirement Savings Outcomes: Evidence from the United States". In Zvi Bodie, Dennis McLeavey and Laurence Siegel (Ed.), The Future of LifeCycle Saving and Investing. CFA Institute.

Baicker, K., Brown, J., Holtz-Eakin, D., Orszag, P. 2008. The Future of Social Security, Medicare and Medicaid: Is U.S. Entitlement Spending Sustainable? Risk Management and Insurance Review, 11: 1-21

Brown, J. 2008. Guaranteed Trouble: The Economic Effects of the Pension Benefit Guarantee Corporation. Journal of Economic Perspectives, 22: 177-198

Brown, J., Ivkovich, Z., Smith, P., Weisbenner, S. 2008. Neighbors Matter: Causal Community Effects and Stock Market Participation. Journal of Finance, LXII: 1509-1531

Brown, J., Kling, J., Mullainathan, S., Wrobel, M. 2008. Why Don't People Insure Late Life Consumption? A Framing Explanation of the Under-Annuitization Puzzle.. The American Economic Review, 98: 304-309

Brown, J., Finkelstein, A. 2008. The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market. The American Economic Review, 98: 1083-1102

Brown, J., Liang, N., Weisbenner, S. 2007. Individual Account Investment Options and Portfolio Choice: Behaviorial Lessons from 401 (k) Plans.. Journal of Public Economics, 91: 1992-2013

Brown, J., Liang, N., Weisbenner, S. 2007. Executive Financial Incentives and Payout Policy: Evidence from the 2003 Dividend Tax Cut. Journal of Finance, 62: 1935-1965

Brown, J., Finkelstein, A. 2007. Why is the Market for Long-Term Care Insurance so Small? Journal of Public Economics, 91: 1967-1991

Brown, J. 2010. Private Markets and Public Insurance Programs (tentative title). Washington, DC: American Enterprise Institute Press.

TIAA CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, TIAA CREF Institute, present
Early Career Scholarly Achievement Award, American Risk and Insurance Association, 2008
List of Teachers Rated as Excellent, University of Illinois, 2003-2006, 2008
College of Business Alumni Association Award for Excellence in Undergraduate Teaching, University of Illinois College of Business Alumni Association, 2007
CESifo Prize in Public Economics awarded for paper "The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market" by Jeffrey R. Brown and Amy Finkelstein, CESifo, 2006
Robert Wood Johnson Foundation Scholar in Health Policy, 2003-2006
Health and Aging Fellow, NBER & National Institute on Aging, 1997-1998

Discussant, "The True Cost of Social Security" by Alexander Blocker, Laurence Kotlikoff and Stephen Ross, NBER Public Economics Meeting, 2009
State and Local Pension Plans, Civic Foundation of Chicago, 2009
Session Chair, Pensions and Health Care: Fiscal Challenges for State and Local Governments, American Economic Association Annual Meeting, 2009
Session Chair, Does the Terrorism Insurance Market Still Need Government Support?, American Enterprise Institute, 2009
Reviewer / Referee, American Economic Review, American Economic Journal: Economic Policy, Cambridge University Press, Economic Inquiry, Geneva Papers on Risk and Insurance, Industrial and Labor Relations Review, 1999-Present
Reviewer / Referee, Journal of Human Resources, Journal of Finance, Journal of Political Economy, Journal of Public Economics, Journal of Risk and Insurance, 1999-Present
Reviewer / Referee, National Institute on Aging, National Science Foundation, National Tax Journal, Public Finance and Management, Quarterly Journal of Economics, 1999-Present
Reviewer / Referee, Retirement Research Foundation, Review of Economic Studies, Review of Economics and Statistics, Risk Management and Insurance Review, 1999-Present
Reviewer / Referee, Social Science Research Council of Canada, University of Chicago Press, 1999-Present
Member, Health & Retirement Survey Labor Working Group, 2003-2007
Co-Founder and Co-Editor, The Journal of Pension Economics and Finance, 2001-2006

Financial economics, public policy, employee benefits

Primary research focus is on the interaction of public and private insurance markets with a specific emphasis on retirement security, includingannuities, life insurance, long-term care insurance, pensions and Social Security. Additional research interests include stock market participation, dividend taxation, and the effect of inheritances on labor supply.