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Jeffrey R Brown

Member of the “Uncharted Waters” Study Panel

 Jeffrey R. Brown is Assistant Professor in the Department of Finance at the University of Illinois at Urbana-Champaign. He is an accomplished scholar with research interests spanning a variety of related fields such as public policy, insurance markets, retirement income, and social security. He has been a member of the National Academy of Social Insurance since 2002 and serves on the study panel, “Uncharted Waters: Paying for Benefits from Individual Accounts in Federal Retirement Policy.” This panel's report will be released on January 26. 

"Jeff Brown is a talented researcher and an important contributor to policy debates on income security issues. He's smart, he writes extremely well, and he's always searching for common ground on complicated and often divisive issues. We need more people like him,” said Alicia Munnell, Peter F. Drucker Professor in Management Sciences at Boston College.

 Ken Apfel, one of the study panel co-chairs, says that "Jeff is without a doubt one of the most impressive thinkers in America on retirement security issues. He's done very important work on the potential role of annuities in providing long term economic security. While we don't agree on some key retirement policy issues, I know that talking to Jeff will challenge me to think in broader terms."

Prior to joining the Illinois faculty, 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.

Brown has been a Faculty Research Fellow of the National Bureau of Economic Research for the Public Economics Program and the Economics of Aging Program since 1999. Since 2003 he has been a Research Fellow at the Employee Benefit Research Institute and a Faculty Fellow at the China Center for Social Security and Insurance Research at Beijing University. He was a Research Associate of the Center for Retirement Research at Boston College.

His publications focus on public and private insurance markets. He has published extensively in The Journal of Political EconomyThe American Economic ReviewThe Journal of Public EconomicsThe Journal of Risk and InsuranceThe Journal of Monetary Economics, and The National Tax Journal. He has published several book chapters and the book The Role of Annuities in Financing Retirement (MIT Press, 2001), which he co-authored with Olivia Mitchell, Jim Poterba, and Mark Warshawsky (all NASI members). Brown is a co-founder and co-editor of The Journal of Pension Economics and Finance, published by Cambridge University Press. His research has been cited in numerous news outlets, including the BBC, BET, Bloomberg,Business Week, CNBC, CNN, Fox News, The Wall Street JournalThe Washington Post, and MTV.

Brown's research activities are intertwined with his active involvement with public policy issues. He has served as a consultant, expert witness, or expert panelist for The Health & Retirement Survey Labor Steering Committee, the Executive Office of the President, the U.S. General Accounting Office, the U.S. Treasury, the World Bank, as well as for political candidates and several private law firms and consulting firms. Brown testified before the Social Security Advisory Board.

In addition to the National Academy of Social Insurance, Brown is also a member of the American Economic Association, the American Risk and Insurance Association, and the Risk Theory Society.

Brown holds a Ph.D. in economics from the Massachusetts Institute of Technology, a Masters of Public Policy degree from Harvard University, and a B.A. in Political Science with Honors, Summa Cum Laude, from Miami University.