Jeffrey Brown

Jeff Brown Photo

Jeffrey Brown

Josef and Margot Lakonishok Professor in Business and Dean, College of Business
University of Illinois at Urbana-Champaign

Jeffrey R. Brown is Josef and Margot Lakonishok Professor of Business and Dean of the College of Business at the University of Illinois at Urbana-Champaign.  He previously served as the founding director of the Center for Business and Public Policy at the University of Illinois. 

Brown has published extensively on public and private insurance markets, including articles in The American Economic Review, The Journal of Political Economy and The Journal of Finance. He also has edited four books. He earned his B.A. in economics and political science from Miami University, M.A. in public policy from Harvard University, and Ph.D. in economics from the Massachusetts Institute of Technology.

Professional Achievements

  • Received the TIAA Paul A. Samuelson Award for “The Interaction of Public and Private Insurance: Medicaid and the Long-Term Care Insurance Market” (with Amy Finkelstein, American Economic Review, June 2008).
  • Director of the National Bureau of Economic Research Retirement Research Center.
  • Trustee of TIAA and chair of its audit committee.

Publications

June 2011
This paper summarizes a survey of university endowment funds, with a particular focus on the composition of endowment investment committees and how this composition is associated with a number of key activities.
March 2008
According to standard economic models, a risk-averse consumer who faces uncertainty about length-of-life should place a high value on life annuities that provide guaranteed income for life. Yet numerous studies show that few consumers voluntarily annuitize their retirement savings.
May 2008
Much of the retirement planning advice that individuals receive over the course of their lifetimes focuses on issues related to accumulating wealth, such as how much to save, how to allocate one’s portfolio across different assets, the advantages of using tax-deferred accounts, and so on.