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.
In 2006, President Bush appointed Dr. Brown to serve on the seven-member Social Security Advisory Board, and he was confirmed by the U.S. Senate in December 2006. During 2005, Professor Brown appeared with President Bush at Social Security events in seven states. He also served on a national expert panel commissioned by the National Academy of Social Insurance that studied the structure of Social Security personal accounts that released its report in January 2005.
Professor Brown holds a Ph.D. in economics from the Massachusetts Institute of Technology, a Master of Public Policy degree from Harvard University, and a B.A. from Miami University. He is a Research Associate at the National Bureau of Economic Research, a Faculty Affiliate of the University of Illinois Institute for Government and Policy Affairs, a Fellow of the TIAA-CREF Research Institute, the China Center for Social Security and Insurance Research at Beijing University, and the Employee Benefits Research Institute. He is also a member of the American Economic Association, the American Risk and Insurance Association, the National Academy of Social Insurance, and a former member of the Risk Theory Society.
Professor Brown's research interests are primarily focused on public and private insurance markets, including Social Security, private pensions, annuities, life insurance, long-term care insurance, and terrorism risk insurance. His research has also branched into areas ranging from the influence of executive compensation on firm dividend policy to the influence of community effects on stock market participation. His work has been published in leading economics and finance journals, including The American Economic Review, The Journal of Political Economy, The Journal of Public Economics, The Journal of Finance, The Journal of Risk and Insurance, The National Tax Journal
and numerous books.
He is the recipient of the TIAA CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, the Early Scholarly Achievement Award from the American Risk and Insurance Association, the Lumina Award for Outstanding Research in Insurance and E-Commerce, and numerous other awards. Professor Brown has authored or edited three books and was a co-founder and co-editor of the Journal of Pension Economics and Finance
, published by Cambridge University Press. Professor Brown and/or his research have been cited in numerous news outlets, including the BBC, Business Week, Chicago Tribune, CNBC, CNN, Fox News, Los Angeles Times, Wall Street Journal, and the Washington Post.
He has also served as a consultant, expert witness, or expert panelist for the Executive Office of the President, the U.S. General Accounting Office, the U.S. Treasury, and the World Bank. Prior to graduate school, he was a Brand Manager at the Procter & Gamble Company.