College of Business News

Don't get 'framed' when claiming Social Security

Wed, 22 May 2013 00:00:00 CST

Generations of retirees may have claimed benefits too soon, according to Finance's Jeff Brown

Public pension funds improving...or are they?

Mon, 20 May 2013 00:00:00 CST

Professor Jeff Brown examines the issue on the Marketplace Morning Report

Chained CPI and the ups and downs of the cost of living

Wed, 17 Apr 2013 00:00:00 CST

In an opinion piece in the Washington Post, Professor Jeffrey Brown voices his, "concerns about the adequacy of Social Security benefits for seniors at the low end of the income distribution."

Six simple steps to pension reform

Tue, 09 Apr 2013 00:00:00 CST

Professors Jeffrey Brown and Avijit Ghosh outline their pension reform plan in this editorial in Crain's Chicago Business.

Six Simple Steps to Reforming the State Universities Retirement System (SURS)

Wed, 13 Mar 2013 00:00:00 CST

A group of scholars, which includes three faculty members from the College of Business, has developed a six-step proposal to stabilize pensions for employees of the state?s public colleges and universities.

Nobel Prize-winning economist Peter Diamond delivers David Kinley Lecture

Thu, 07 Mar 2013 00:00:00 CST

"Delivering the David Kinley Lecture on the University of Illinois campus Thursday, Diamond said he's particularly worried about the effects of long-term unemployment on young people."

Research: Endowment Shocks & Charitable Donations to Higher Education

Tue, 26 Feb 2013 00:00:00 CST

In the year after a university experiences a negative shock equal to 10 percent of its annual operating budget, donors increase giving by 1 percent.

Faculty Members Share BlackRock Prize for Research

Wed, 30 Jan 2013 00:00:00 CST

Finance professors Jeffrey Brown, Joshua Pollet, and Scott Weisbenner were awarded the BlackRock Prize at the 25th Australasian Finance and Banking Conference for their research on the investment behavior of state pension plans.

Illinois Pension Crisis: A Minute With U. of I. Expert Jeffrey R. Brown

Tue, 29 Jan 2013 00:00:00 CST

In an interview with News Bureau business and law editor Phil Ciciora, finance professor Jeffrey R. Brown, who?s also the director of the Center for Business and Public Policy in the College of Business and was a senior economist with the President?s Council of Economic Advisers from 2001-2002, discusses Illinois? pension predicament.

Pension Situation in Illinois - WILL (Audio)

Wed, 09 Jan 2013 00:00:00 CST

Jeffrey Brown, professor of finance, talks with WILL host Craig Cohen and citizen callers about state pensions in Illinois.

Brown on Pension Problems in Illinois-WDWS Radio (Audio)

Wed, 09 Jan 2013 00:00:00 CST

Jeffrey Brown, professor of finance, spends an hour with "Penny for Your Thoughts" Brian Barnhart discussing the ongoing pension debate in Illinois.

Interview: Jeff Brown Discusses State's Pension Problems

Wed, 09 Jan 2013 00:00:00 CST

WDWS interviews Jeffrey R. Brown, Professor of Finance and William G. Karnes Professor of Finance and Director of Center for Business & Public Policy, University of Illinois.

The Second Biggest Risk to Illinois Public Pensioners

Tue, 08 Jan 2013 00:00:00 CST

Jeff Brown and Nolan Miller, both professors of finance, published this opinion piece in the Springfield newspaper, The State Journal Register.

Ghosh Interview: University Pension Plan (Audio)

Thu, 13 Dec 2012 00:00:00 CST

Avijit Ghosh, professor of business administration, explains a proposal that he and Finance Professor Jeffrey Brown recently authored. The proposal would change how the State Universities Retirement System operates.

Why Retirement Plan Tax Preferences are Not as Expensive as You Might Think

Thu, 13 Dec 2012 00:00:00 CST

Jeffrey Brown, professor of finance, addresses research that suggests favorable tax treatment of retirement plans is not increasing individual savings as intended.

Time to Act on the State Universities Retirement System

Tue, 11 Dec 2012 00:00:00 CST

Business Professors Avijit Ghosh, Jeffrey Brown, and Scott Weisbenner, and a colleague from Northern Illinois University, published a reform proposal for SURS that incentivizes the acceptance of lower benefits.

Tax Subsidy May Be Needed to Motivate Employers

Fri, 07 Dec 2012 00:00:00 CST

Jeff Brown, professor of finance, is quoted in this story about 401(k) Subsidies and the impending "fiscal cliff."

"Not So Fast" Eliminating 401(k) Tax Preference (Forbes)

Fri, 30 Nov 2012 00:00:00 CST

Jeffrey Brown, professor of finance, argues in favor of retaining tax benefits for 401(k) plans.

Time to Rethink Tenure

Fri, 16 Nov 2012 00:00:00 CST

This story mentions Jeffrey Brown's idea that tenure is essentially a form of job insurance. Brown is a professor of finance.

How Higher Ed Donations Respond to Market Shocks

Mon, 12 Nov 2012 00:00:00 CST

Jeffrey Brown and Scott Weisbenner, both professors of finance, author a new paper on the supply of and demand for charitable donations to higher education.

Brown Presents: Future of the American Entitlement State

Tue, 23 Oct 2012 00:00:00 CST

Jeffrey Brown, professor of finance, will discuss a ?coming collision? of an aging population, rising medical costs, and ?pay-as-you-go? approach to financing the ?Big Three? entitlement programs in the U.S.

Retirement: How to Pay for Long-Term Care (Barron's)

Mon, 15 Oct 2012 00:00:00 CST

Jeffrey Brown, professor of finance, provides research insights for this story about the changing insurance options for long-term health care.

WSJ's Stephen Moore Shares Optimism With Business

Tue, 02 Oct 2012 00:00:00 CST

An editorial page writer for the Wall Street Journal and guest of the Center for Business and Public Policy, Stephen Moore, shared his views with students and faculty on Monday in the Deloitte Auditorium.

Standard & Poor's Downgrade Bad for Education in Illinois

Sun, 30 Sep 2012 00:00:00 CST

Jeffrey Brown, professor of finance, provides insight into Standard & Poor's credit rating downgrade. Note: the story inaccurately reports the rating downgrade which should be read from "A+" to "A."

Create Your Own Pension

Mon, 10 Sep 2012 00:00:00 CST

Jeffrey Brown, professor of finance, says his research finds most people think in terms of wealth accumulation and rates of return which puts annuities at a disadvantage.

Taxpayer Safety Net For Pensions

Tue, 04 Sep 2012 00:00:00 CST

Jeffrey Brown, professor of finance, comments on the future of pension funding.

Insurance Company Unable to Hedge Risks of Long-term Care

Sat, 07 Jul 2012 00:00:00 CST

Jeffrey Brown, professor of finance, explains why a company like Prudential Financial, the second-largest U.S. life insurer, is getting out of the individual long-term care insurance business.

An Even Simpler Answer to Illinois Public Pension Reform

Mon, 02 Jul 2012 00:00:00 CST

Jeffrey Brown, professor of finance, blogs a new solution to reform Illinois' Public Pensions.

Consumers Uncertain about Longevity of LTCI Carriers

Fri, 29 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, and two colleagues reported one obstacle to selling more long-term care insurance (LTCI) may be consumer uncertainty about whether the insurers are in the LTCI market to stay.

Professor Tenure as Insurance: What the Wall Street Journal Debate Missed

Fri, 29 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, finds two sides of a tenure argument unpersuasive.

Audio: Illinois Pensions Call-In Talk Show

Mon, 25 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, is interviewed on Penny for Your Thoughts (News Talk 1400 WDWS-AM) about pension reform in Illinois.

University of California Faces Mounting Pension Costs

Wed, 20 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted in this Associated Press story.

Last-Day Raises Last a Lifetime

Wed, 20 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, comments on a practice of basing defined-benefit pensions on last-day salary.

More Accurately Reporting Unfunded Liability in Public Pensions

Wed, 20 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, explains a recommendation to change the expected rate of return for Teacher Retirement System investments.

Pension Reform: Something's Got to Give

Thu, 07 Jun 2012 00:00:00 CST

Jeff Brown, professor of finance, describes the $83 billion pension mess Illinois lawmakers have wrought and gives his thoughts on how it will be fixed.

Brown's Forbes Blog: Simple but Radical Idea for Illinois Public Pension Reform

Mon, 04 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, offers another reasoned approach to public pension reform for Illinois.

Illinois Pension Restructuring Battle Reviewed

Fri, 01 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance and Avijit Ghosh, special assistant to the president of the University of Illinois and professor of business administration are cited in this Gazette story about legislative changes to Illinois' public pension systems.

Brief Update on Illinois Pension Reform

Fri, 01 Jun 2012 00:00:00 CST

Jeffrey Brown, professor of finance, notes a change to current pension reform legislation and explains how pensions could be cut by 37%.

Brown's Forbes Blog: Three Hard Lessons from Illinois Public Pension Reform

Wed, 30 May 2012 00:00:00 CST

Jeffrey Brown, professor of finance, looks at the costs and benefits of current pension reform in Illinois.

Higher Education in Illinois on the Brink

Wed, 16 May 2012 00:00:00 CST

Jeffrey Brown, professor of finance, and Avijit Ghosh, professor of business administration, submit a letter to the News Gazette.

Reconsidering Social Security and Alternative Options: WSJ

Wed, 25 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted in this story about social security projections.

Making Sense of the 2012 Social Security Trustee's Report

Wed, 25 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, explains opposing views of the health of Social Security in a blog.

Quinn's Pension Proposal "Highly Flawed"

Tue, 24 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance, says Governor Pat Quinn's recent plan to reform the Illinois pension system shifts costs to the University.

Governor Quinn's "Clever" Pension Reform

Mon, 23 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted in this story about the Governor's ambitious plan to solve the state's $83 billion pension gap.

Brown's Knock-down, Drag-out Battle of Obamacare

Thu, 19 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance, gives his play-by-play of the latest debate concerning the federal deficit and the Affordable Care Act.

Serious Discussions About Illinois' Unfunded Pension Hole

Wed, 18 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of business administration, comments on the solutions offered to fix Illinois pension problems.

SURS Reform Debate Heavyweight: Brown

Thu, 12 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance, has been invited to Eastern Illinois University to speak about reforming the Illinois State Universities Retirement System.

Brown's Forbes Blog: Fiscal Impact of Ending Obamacare

Tue, 10 Apr 2012 00:00:00 CST

Jeffrey Brown, professor of finance, takes a thorough look at the Patient Protection and Affordable Care Act currently before the Supreme Court.

Ex-Member of Federal Reserve Board Shares Concerns

Wed, 14 Mar 2012 00:00:00 CST

Institutions that are "too big to fail" may pose more of a problem today than they did at the height of the 2008 financial crisis, a former member of the Federal Reserve's Board of Governors said in BIF. The talk was sponsored by the College's Center for Business and Public Policy and Busey Wealth Management.

Insurers Getting Out of Long Term Care

Fri, 09 Mar 2012 00:00:00 CST

Jeff Brown, professor of finance, coauthors a paper used to provide insight into why big insurance companies are getting out of Long Term Care insurance.

St. Louis Firefighter Pension Offers Unusual Perk Says Brown

Fri, 02 Mar 2012 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted in this story about growing problems with the St. Louis firefighter pension. One provision getting attention is the ability of retirees to receive a lump sum payout.

Brown to Outline Challenges for Insurers at Conference

Mon, 27 Feb 2012 00:00:00 CST

Jeffrey Brown, professor of finance, will outline how economic uncertainty and a low-interest rate environment have created challenges for insurers offering retirement income products at the upcoming 2012 Retirement Industry Conference.

Audio: Brown Explains Proposed SURS Reform to WDWS-AM Radio

Fri, 24 Feb 2012 00:00:00 CST

Jeffrey Brown, professor of finance, gives a brief but informative interview to Brian Moline with WDWS Talk Radio.

Brown on Framing Retirement Income

Fri, 24 Feb 2012 00:00:00 CST

Research by Jeffrey Brown, professor of finance, is cited in this story that looks at how soon-to-be retirees make retirement financing decisions.

Audio: Brown Responds to Questions About SURS Reform Proposal

Mon, 20 Feb 2012 00:00:00 CST

Earlier this month Jeffrey Brown, professor of finance, and an IGPA colleague issued a report with ideas for reworking the State Universities Retirement System in light of budget shortfalls. This interview delves into the issues.

Brown's Forbes Blog: Potential Erosion of Support for Social Security

Thu, 16 Feb 2012 00:00:00 CST

Jeffrey Brown, professor of finance, laments "progressive" legislative action that makes Social Security partially income-based.

Brown's SURS Overhaul Covered by WILL

Wed, 15 Feb 2012 00:00:00 CST

Jeffrey Brown, professor of finance, sees his system as one of shared sacrifice.

Brown's Hybrid Retirement System Focus of EIU CUPB

Sun, 12 Feb 2012 00:00:00 CST

Last week Jeffrey Brown, professor of finance, and an IGPA colleague released a detailed proposal to reform the state universities retirement system that is now the topic of Eastern Illinois University CUPB forums.

Brown Paper Identified Best Retirement Research of 2011

Sat, 11 Feb 2012 00:00:00 CST

NBER Working Paper written by Jeffrey Brown, professor of finance, is identified as a top 10 decumulation research paper.

Brown Contributes to Proposal for New Retirement System

Thu, 09 Feb 2012 00:00:00 CST

Jeffrey Brown, professor of finance, and a colleague propose a hybrid retirement system to reduce the state government's payments by billions of dollars.

Brown's Forbes Blog: Reducing Regulatory Obstacles to Retirement Income Security

Tue, 07 Feb 2012 00:00:00 CST

Jeffrey Brown, professor of finance, recommends three more adjustments policymakers could use to encourage more secure retirement solutions.

Brown Research Cited in Department of Labor Report on Final Rule

Thu, 02 Feb 2012 00:00:00 CST

Research by Jeffrey Brown, professor of finance, provides important insight for the Council of Economic Advisers report, "Supporting Retirement for American Families," dealing with a final rule on 401(k) retirement fee disclosure.

Brown's Forbes Blog: Warren Buffett is Not the Oracle of Public Finance

Tue, 31 Jan 2012 00:00:00 CST

Jeffrey Brown, professor of finance, argues that government taxes account for more income than most people realize.

Brown Research Shows Negligible Private Insurance Demand with Tightened Medicaid Rules

Mon, 23 Jan 2012 00:00:00 CST

Jeffrey Brown, professor of finance, recently published research that predicts citizen's likelihood of purchasing private long-term care insurance.

Brown's Forbes Blog: GOP Visions of Social Security

Wed, 18 Jan 2012 00:00:00 CST

Jeffrey Brown, professor of finance, takes a detailed look at Social Security plans described by GOP presidential candidates Romney, Gingrich, and Santorum.

Brown's Forbes Blog: Gingrich's Recipe for Financial Disaster

Tue, 10 Jan 2012 00:00:00 CST

Finance Professor Jeffrey Brown describes the flawed logic applied to pension reform by presidential candidate Newt Gingrich and the Government Accounting Standards Board.

Brown on Retirement: 10% A Good Start

Mon, 09 Jan 2012 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted for his advice on retirement saving.

Brown Gives Clearest Explanation Yet of Why Public Pension Accounting Rules are Garbage

Tue, 29 Nov 2011 00:00:00 CST

Jeffrey Brown, professor of finance, describes a brilliant insight given by a colleague into the flaws of the proposed GASB approach to public pension accounting rules.

Brown Argues Experts Should Pay More Attention to US LTC

Mon, 21 Nov 2011 00:00:00 CST

Jeffrey Brown, professor of finance, published an article with an MIT co-author asserting academic health policy experts should be paying more attention to the US long-term care system.

Brown Research Gives Insight to Long Term Care Insurance

Wed, 09 Nov 2011 00:00:00 CST

Research by Jeffrey Brown, professor of finance, and two colleagues provides insight to the purchase of long-term care insurance.

Brown Examines Pension Issues at IGPA Summit

Mon, 31 Oct 2011 00:00:00 CST

Illinois state, university, and union leaders examined pensions at the October 3 & 4 IGPA Summit, ?A Bold New Dialogue on Public Pensions.?

Brown Gives Basic Retirement Advice

Mon, 26 Sep 2011 00:00:00 CST

Jeffrey Brown, professor of finance, says to put aside as much as you can, use your work 401(k), and take advantage of compounding dividends.

Brown Recognized as Faculty Scholar in News Gazette

Fri, 16 Sep 2011 00:00:00 CST

Jeffrey Brown, professor of finance, is recognized as a new campus Faculty Scholar,

Brown Recognized as University Scholar

Thu, 15 Sep 2011 00:00:00 CST

Jeffrey R. Brown, professor of finance, is one of six ILLINOIS professors named a University Scholar.

Brown Research Discovers Reasons Why Few Purchase Long-Term Care Insurance

Mon, 12 Sep 2011 00:00:00 CST

Jeffrey Brown, professor of finance, co-authors research that looks at the reluctance most have to purchase long-term care insurance.

Video: An Amusing Analysis of Public Pension Funding

Mon, 22 Aug 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, blogs about an animated video that describes a familiar point made in previous posts.

DeBrock and Brown Comment on the Economy

Wed, 17 Aug 2011 00:00:00 CST

Larry DeBrock, dean and professor of business administration, and Jeffrey Brown, professor of finance, respond to questions about the nation's S&P downgrade.

Brown: Public Pension Real Estate Investments Not Uncommon

Mon, 15 Aug 2011 00:00:00 CST

Research by Jeffrey Brown, professor of finance, is cited in this story about a firefighter pension fund's investments in local real estate.

Brown Questions Conventional Wisdom of Retirement Income

Mon, 27 Jun 2011 00:00:00 CST

Jeffrey Brown, professor of finance, considers the conventional 70/30 wisdom of saving for retirement.

Video: Brown Responds to Questions about Long Term Care Market

Tue, 31 May 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, talks to Eldercare News about his research looking at Long Term Care.

Audio: Brown Discusses Wide Range of Retirement Issues on WILL

Tue, 31 May 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, responds to questions about social security and related retirement issues.

Brown?s Research Provides Basis for Bill in Congress

Wed, 25 May 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, researched how people ?frame? their thoughts about retirement planning. After testifying this year before the US Congress, the related Lifetime Income Disclosure Act was co-sponsored by US Rep. Dave Reichert.

Brown Says, ?Take it to the Courts?

Tue, 24 May 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, sees wisdom in pursuing a court ruling on public pension reform in Illinois.

Brown's Social Security Research Explained in US News and World Report

Fri, 13 May 2011 00:00:00 CST

Research into how social security benefits are communicated, performed by Jeffrey Brown, professor of finance, and two colleagues from other institutions is presented.

Brown Proposes Osama Bin Laden Tax

Tue, 10 May 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director, Center for Business and Public Policy, offers an interesting idea to tax carbon and lower other taxes.

Brown on $1.5 Trillion Shortfall in Local and State Pension Funds

Tue, 26 Apr 2011 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted in this story about how pension funds around the US are calculated.

Brown's Reasoned Response to Claims Made by Chronicle of Higher Education and New York Times

Mon, 25 Apr 2011 00:00:00 CST

Jeffrey Brown, professor of finance, argues passionately against off-the-mark story in Chronicle of Higher Education and New York Times

Brown: Universities Focus on Growing Endowments, Not Supporting Students

Mon, 04 Apr 2011 00:00:00 CST

Jeffrey Brown, professor of finance, is quoted for his views of misguided endowment handling in the Chronicle of Higher Education.

Brown Blog: Consequences of Delaying Social Security Reform

Mon, 28 Mar 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, exposes partisan views of delaying social security reform.

Brown: Public Sector Provides More Generous Benefits and Greater Employer Subsidies

Mon, 21 Mar 2011 00:00:00 CST

Jeffrey Brown, professor of finance, is referenced in this story comparing public and private job compensation.

Brown: Leadership Needed for Illinois Pension Reform

Thu, 17 Mar 2011 00:00:00 CST

Jeffrey R. Brown, professor of finance, says the state of Illinois needs to get serious and create a fiscally sustainable pension-reform plan.

Brown and Pennacchi: The Champaign Gamble

Sun, 06 Mar 2011 00:00:00 CST

Finance Professors Jeffrey Brown and George Pennacchi's guest commentary is top story in The News Gazette Sunday edition.

Brown in the Washington Post, "At Some Point, You Have to Pay the Piper."

Thu, 03 Mar 2011 00:00:00 CST

Jeffrey Brown, finance professor and director of the Center for Business and Public Policy, sees massive pension shortfalls weighing heavily on governments.

Brown and Pennacchi on Illinois Pension Reform

Wed, 02 Mar 2011 00:00:00 CST

Finance Professors Jeffrey Brown and George Pennacchi are interviewed for insights into the Illinois Pension situation and its reform.

4 Reasons Why the Government Should Not Issue Annuities

Wed, 02 Mar 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, makes a compelling case for not creating another government program.

Brown?s Advice for Advisers

Tue, 01 Mar 2011 00:00:00 CST

Dr. Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, gives advice to financial advisers who counsel clients on retirement strategies.

Brown: We Need a New Model for Retirement

Fri, 25 Feb 2011 00:00:00 CST

Dr. Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, calls for changes to how we think about retirement planning.

Brown Explains Upcoming Illinois Bond Issue in the Washington Post

Tue, 22 Feb 2011 00:00:00 CST

Finance Professor Jeffrey Brown explains the upcoming bond issue by the State of Illinois with a simple analogy.

Brown Tells Senate Committee Retirement Planning Depends on Workers View of Information

Mon, 14 Feb 2011 00:00:00 CST

Jeffrey Brown, finance professor and Director of the Center for Business and Public Policy, testified before the US Senate about worker interest in life annuities.

Brown's Testimony Praised by The American Council of Life Insurers

Tue, 08 Feb 2011 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, is quoted for his research on life annuities and worker interest.

Video: Brown Testifies Before US Congress about Encouraging Better Retirement Decisions

Fri, 04 Feb 2011 00:00:00 CST

Finance Professor and Director of the Center for Business and Public Policy, Jeffrey Brown, believes achieving a secure retirement income is an important policy goal.

Brown Encourages Congress to Revisit Proposed Lifetime Income Disclosure Act

Fri, 04 Feb 2011 00:00:00 CST

Pensions&Investments Newspaper reports on Jeffrey Brown's US Senate testimony.

Brown Comments on Baby Boomers' Retirement Planning for Chicago Tribune

Fri, 28 Jan 2011 00:00:00 CST

Professor Jeffrey Brown explains how some retirees are affected by the windfall elimination provision of Social Security.

Public Pensions Ripe for Reform, Says Brown in BusinessWeek

Wed, 12 Jan 2011 00:00:00 CST

Finance Professor and Pension Expert Jeffrey Brown expresses his frustration with the debate of taxpayers versus government workers; sees opportunity for all.

Brown Says Shift Toward Individual Responsibility Has Swung Too Far

Thu, 30 Dec 2010 00:00:00 CST

Dr. Jeffrey Brown, William G. Karnes professor, and Director of the Center for Business and Public Policy argues for a new model of retirement.

Brown asks, "Is Illinois Wimpy?"

Mon, 13 Dec 2010 00:00:00 CST

?I will gladly pay you Tuesday for a hamburger today,? says the well-known character in the Popeye cartoon series. Professor Jeffrey Brown thinks Illinois fiscal practices are well-likened to the character's dubious assurances.

Social Security is Only One Piece of the Puzzle, Says Brown

Mon, 22 Nov 2010 00:00:00 CST

Professor Jeffrey Brown considers changes geared to fix Social Security.

Brown: U.S. Retirement System Needs Systematic Rethinking

Tue, 16 Nov 2010 00:00:00 CST

Professor Jeffrey Brown responds to questions about the U.S. retirement system, common mistakes employees make, and shifting risk from employer to employee.

Democratic Corporate Regulation

Wed, 10 Nov 2010 00:00:00 CST

On Tuesday, November 2 in the Deloitte Auditorium, a lecture and discussion focused on the corporate response to regulation.

Audio: Brown Recommends Employees Stay Longer in Workforce in NPR Marketplace

Fri, 05 Nov 2010 00:00:00 CST

Jeffrey Brown, professor of finance, contributes to an NPR story on American retirement. 5:30:7:07

Brown's Insights on Long-Term Care Insurance in NYT

Thu, 04 Nov 2010 00:00:00 CST

Professor Jeffrey Brown is cited for his research that argues Medicaid coverage effectively represents an "implicit tax" on private long-term care insurance.

Should Government Insure Private Markets?

Wed, 03 Nov 2010 00:00:00 CST

In Public Insurance and Private Markets (AEI Press, 2010), Jeffrey Brown, professor of finance, and a group of leading economists critically examine whether the government should increase its role in five private insurance markets: pension fund shortfalls, crop losses, property damage from floods and other natural catastrophes, bank failure, and terrorism.

Panel of Experts Discuss Environmental Regulations

Tue, 02 Nov 2010 00:00:00 CST

The Center for Business and Public Policy hosted a panel discussion on October 19, titled ?Environmental Regulations: Building a Low Carbon Society,? which included lectures by three experts in the field of environmental regulations.

Brown Comments on Equity-indexed Annuities

Mon, 27 Sep 2010 00:00:00 CST

Jeffrey Brown, William G. Karnes professor of finance, describes the complexity of equity-indexed annuities for a story on a state investigation of a Champaign investment firm.

Brown on Pensions in The Chronicle

Sun, 29 Aug 2010 00:00:00 CST

Jeffrey Brown, professor of finance, says cutting academic-labor market pensions may not save as much as hoped.

Brown Explains Windfall Elimination Provision

Mon, 23 Aug 2010 00:00:00 CST

Jeffrey Brown, finance professor and director of the Center for Business and Public Policy, gives a clear explanation of Social Security Administration's WEP and why it is necessary.

CBPP Blog: Why That Illinois Pension Check Will (Most Likely) Be in the Mail

Tue, 17 Aug 2010 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, considers precedent and asserts his belief that Illinois pensioners are likely to receive their benefits.

Large Fraction of Americans Not Prepared for Retirement in Tribune

Mon, 02 Aug 2010 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy is quoted in this Tribune story about young workers in the Chicago area.

Framing Hugely Impacts Retirement Decisions

Mon, 02 Aug 2010 00:00:00 CST

A study of retirement-age adults by Jeffrey Brown, professor of finance, is considered in this analysis of behavioral economics and retirement.

Public Pension Morass

Mon, 21 Jun 2010 00:00:00 CST

Jeffrey Brown, professor of finance and director of the Center for Business and Public Policy, comments on public and private pensions.

Brown Elected to National Insurance Association Board

Wed, 09 Jun 2010 00:00:00 CST

Jeffrey Brown, William G. Karnes Professor of Finance and director of the Center for Business and Public Policy, was elected to the board of directors of the American Risk and Insurance Association.

Illinois: Worst-funded Pension System in the Nation

Mon, 07 Jun 2010 00:00:00 CST

Finance Professor Jeffrey Brown adds perspective to this Christian Science Monitor story on the pension fund crisis cropping up in states across the U.S.

New Retirees Often Make Poor Decisions

Thu, 20 May 2010 00:00:00 CST

Finance Professor Jeffrey Brown finds retirement options are less desireable when positioned as an investment and more desireable when positioned as an income source.

Misleading Accounting and Illinois' Pension Perils

Tue, 04 May 2010 00:00:00 CST

Professor Jeffrey Brown blogs about the Illinois pension situation, prompting commentary by others.

Brown Focuses on Retirement Sustainability

Mon, 03 May 2010 00:00:00 CST

Professor Jeffrey Brown advocates retirement planning that considers sustainable approaches to living longer.

Brown and Weisbenner: University Investment Decisions Exacerbate Financial Woes

Tue, 27 Apr 2010 00:00:00 CST

Professors Jeffrey Brown and Scott Weisbenner reveal the double hit of declining asset values and agressive reductions in payments endowments make to universities.

Brown Study: How Market Shocks Impact University Operations

Tue, 06 Apr 2010 00:00:00 CST

Inside HigherEd covers Professor Jeffrey Brown and colleagues' authorship of a working paper that considers trends in how negative financial shocks influence teaching and staff personnel decisions as well as student support.

Lincoln-Douglas Debates

Fri, 26 Mar 2010 00:00:00 CST

Dr. Michael Tanner and Dr. Steffie Woolhandler presented ?Who Controls Your Health Care: a Debate on Free Market vs. Government? at the inagural Lincoln-Douglas Debate Series.

States' Retiree Pensions and Benefits: The Coming Crisis

Fri, 12 Mar 2010 00:00:00 CST

WILL Radio interview with Jeffrey R. Brown, William G. Karnes Professor of Finance and director of the Center for Business & Public Policy.

Experts Debate Health Care Reform

Wed, 10 Mar 2010 00:00:00 CST

The Center for Business and Public Policy invited two speakers to host a debate about health care reform on Tuesday.

Who Controls Your Health Care? A Debate on Free Markets vs. Government.

Mon, 08 Mar 2010 00:00:00 CST

Two national experts debate health care reform Tuesday (March 9) in the Deloitte Auditorium. Brought to you by the Center for Business and Public Policy.

Brown Addresses Retirement Income at NYU

Mon, 08 Mar 2010 00:00:00 CST

Professor Jeffrey Brown delivers a paper proposing automatic annuitization be made integral part of defined contribution retirement plan designs in the U.S.

Brown: Employees Take Cues from Employer

Mon, 01 Mar 2010 00:00:00 CST

Finance Professor Jeffrey Brown looks at key issues surrounding the choices participants of retirement funds make.

Who Controls Your Health Care?

Tue, 23 Feb 2010 00:00:00 CST

Two nationally known experts with widely opposing views on the government?s role in health care will kick off a new debate series at 4 p.m., March 9 in the Deloitte Auditorium of the Business Instructional Facility.

Whose Benefit Do We Cut and Whose Taxes Do We Raise? Brown in The Tribune

Mon, 15 Feb 2010 00:00:00 CST

Greg Burns, Tribune columnist gives a thorough report on the perils of Social Security. Finance Professor Jeffrey Brown is quoted.

Should ILLINOIS Use its Endowment to Avoid a Hiring Freeze?

Tue, 19 Jan 2010 00:00:00 CST

Professor Jeffrey Brown explores the question and others blog on it.

Brown Emphasizes Asset Distribution and Retirement Income

Thu, 14 Jan 2010 00:00:00 CST

Susan Czochara, senior product manager of Northern Trust [Defined Contributions] Solutions Group interviews Professor Jeffrey Brown about his research and defined contribution plans. The linked feature was excerpted from Northern Trust's regular newsletter.

Brown Comments on Long-term Health Care Insurance

Thu, 07 Jan 2010 00:00:00 CST

As long as Medicaid provides a safety net, many people won't believe they need long-term care insurance, says University of Illinois business professor Jeffrey Brown, a former member of the Social Security Advisory Board. The nudge of automatic enrollment could help, he says.

CBPP Sponsors Forum on Climate Policy Prospects

Fri, 23 Oct 2009 00:00:00 CST

The Center for Business and Public Policy are sponsoring a forum on global warming held in BIF on Nov. 3.

Brown on Annuities and Retirement Planning in NYT

Sat, 10 Oct 2009 00:00:00 CST

Professor Brown concludes, ?perhaps the best lesson investors can draw from the recent bear market ? both concerning retirement in general and annuities in particular ? is not to wait until it?s too late to begin such planning.?

Additions to TIAA BOT

Wed, 22 Jul 2009 00:00:00 CST

Professor Jeff Brown and alumna Maureen O'Hara '75 are elected to the TIAA Board of Trustees.

Brown on Poorly Run Government Insurance Agencies

Wed, 08 Jul 2009 00:00:00 CST

WASHINGTON - An array of government-created insurance agencies - which have long charged bargain-rate premiums to banks, credit unions, and brokerages - are seeking to make up for massive shortfalls in their insurance funds by raising fees and premiums, many of which are likely to be passed on to consumers.

Brown: Education campaign needed on Social Security

Wed, 20 May 2009 00:00:00 CST

Brown says raising taxes or reducing the growth of benefits are the only real options to rescue Social Security, which will start running cash deficits in 2016, and Medicare, which already is outspending the taxes dedicated to the program.

Brown Recognizes Learning Curve for Economic Crises

Thu, 12 Mar 2009 00:00:00 CST

A Minute With Larry DeBrock and Jeffrey Brown

Fri, 06 Mar 2009 00:00:00 CST

Brown Receives Prestigious Samuelson Award

Mon, 08 Dec 2008 00:00:00 CST

The 2008 Paul A. Samuelson Award goes to Jeffrey R. Brown, professor of Finance in the College of Business at ILLINOIS.

Lyceum: To Do Better Than We Have Done

Fri, 17 Oct 2008 00:00:00 CST

Charles "Chuck" Blahous spoke to College of Business students on October 15th about Social Security.

Another Bailout? Government Pension Insurer Could Be Next, Expert Says.

Thu, 16 Oct 2008 00:00:00 CST

Another multi-billion-dollar taxpayer bailout could lie ahead, this time to rescue a cash-strapped government program that insures pensions of 44 million American workers and retirees, a University of Illinois finance professor warns.

Presidential economic advisor, SEC accountant to speak at U. of I.

Tue, 30 Sep 2008 00:00:00 CST

Charles P. Blahous, deputy assistant to the president for economic policy and deputy director of the White House National Economic Council, and Conrad Hewitt, a U. of I. graduate who has been chief accountant for the SEC since 2006 will each present lectures next month on the ILLINOIS campus.

An Income Stream to Last a Lifetime

Tue, 12 Aug 2008 00:00:00 CST

In Kiplinger Finance Professor Jeffrey Brown comments on investors' reluctance to embrace annuities.

Agarwal and Brown Appointed Chaired Professorships

Wed, 18 Jul 2007 00:00:00 CST

Dean Avijit Ghosh took great pride in announcing the appointment of two College of Business professors to endowed chairs. Professor Rajshree Agarwal will be appointed as the John Georges Professor of Technology Management and Strategy in the Department of Business Administration. Professor Jeffrey Brown will be appointed as the Karnes Professor of Finance.

Faculty Achieve Tenure, Receive Promotions

Tue, 29 May 2007 00:00:00 CST

Glenn Hoetker, Scott Weisbenner and Martin Wu have achieved tenure and will be promoted to rank of associate professor. Rajshree Agarwal , Jeffrey Brown and Michael Pratt have also been promoted to full professor.

2007 Spring Luncheon: Celebrating 47 years

Fri, 23 Mar 2007 00:00:00 CST

March marked the 47th year that the College of Business family has met in Chicago to honor the achievements of outstanding faculty and College of Business alumni at the annual Spring Luncheon. This year's audience included more than 600 individuals, the largest crowd in attendance to date.

Brown Takes His Seat

Thu, 16 Nov 2006 00:00:00 CST

It?s official ? Associate Professor Jeff Brown is a member of the Social Security Board.

Inflation-Protected Annuities Part of Smart Retirement Portfolio

Fri, 03 Nov 2006 00:00:00 CST

Associate Professor Jeff Brown comments on the value of inflation-protected annuities for retirees in US News and World Report.

Finance professor named to Social Security Advisory Board

Mon, 23 Oct 2006 00:00:00 CST

President George W. Bush has appointed Jeffrey R. Brown, an associate professor of Finance, to the Social Security Advisory Board.

Hidden Costs in Medicaid: Brown Study Cited

Wed, 24 May 2006 00:00:00 CST

Medicaid has expanded far beyond its original mission. Jeffrey Brown's research is cited in a Heartland Institute report.

Social Security "Imperiled" Says Brown

Fri, 17 Mar 2006 00:00:00 CST

While the Bush administration's efforts to change Social Security have faltered, the ticking time bomb of a revenue shortfall has not gone away, says Finance's Jeff Brown.

Brown Serves on NASI Study Panel

Mon, 19 Jan 2004 00:00:00 CST

Professor Jeffrey Brown serves on the National Academy of Social Insurance Study Panel, "Uncharted Waters: Paying for Benefits from Individual Accounts in Federal Retirement Policy."