Jeffrey R Brown
Biographic Data
| ID | 3772299 |
|---|---|
| NAME | Jeffrey R Brown |
| GIVEN NAMES | Jeffrey R |
| FAMILY NAME | Brown |
| SIGNATURE | BROWN J R |
| AFFILIATIONS | University of Illinois Urbana-Champaign |
| ORCID | 0000-0001-6376-0945 |
| VERIFIED | Yes |
| TOTAL WORKS | 13 |
| TOTAL CITATIONS | 40 |
| WORKS AS AUTHOR | 13 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2000 |
| LATEST PUBLICATION YEAR | 2021 |
| H-INDEX | 3 |
Behavioral Impediments to Valuing Annuities
This paper examines two behavioral factors that diminish people's ability to value a lifetime income stream or annuity, drawing on a randomized experiment with about 4,000 adults in a U.S. nationally representative sample. We find that increasing the complexity of the annuity choice reduces respondents' ability to value the annuity, measured by the difference between the sell and buy values they assign to the annuity. When we limit narrow choice …
Personality and young adult financial distress
Donor states and donee states
Insuring Long-Term Care in the United States
Long-term care expenditures constitute one of the largest uninsured financial risks facing the elderly in the United States and thus play a central role in determining the retirement security of elderly Americans. In this essay, we begin by providing some background on the nature and extent of long-term care expenditures and insurance against those expenditures, emphasizing in particular the large and variable nature of the expenditures and the e…
The Effect of Inheritance Receipt on Retirement
This paper provides new evidence on how wealth shocks influence retirement behavior. Economic theory generally posits that leisure is a normal good, yet it is difficult to obtain reliable empirical estimates of the wealth effect because wealth is correlated with numerous unobservable characteristics that affect labor supply. We use inheritance receipt as a wealth shock and find that it is associated with a significant increase in the probability …
Examining the influence of multidestination service orientation on transit service productivity
The Relationship between Transit Ridership and Urban Decentralisation
Conventional wisdom suggests that the increasing decentralisation of population and employment in US metropolitan areas is to blame for declining public transit mode shares and deteriorating system productivity. Proponents of this view assert that transit performs best when it connects suburbs to central business districts in more centralised urban environments. Our time-series analysis of transit patronage in Atlanta suggests that the previously…
Guaranteed Trouble
How did the Pension Benefit Guaranty Corporation, a government corporation created to insure the pensions of workers and retirees in bankrupt firms, end up facing financial distress of its own? How did an organization designed to strengthen retirement security come to be seen as contributing to retirement insecurity? The superficial answer is that the PBGC's current funding problem arises from the decline in stock market prices in 2000, which red…
Response to Kenneth S. Apfel
Would private accounts improve Social Security? Affirmative
Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry
The Internet may significantly reduce search costs by enabling price comparisons on-line. This paper provides empirical evidence on how Internet comparison shopping sites affected the prices of life insurance in the 1990s. With micro data on individual insurance policies and with individual and policy characteristics controlled for, hedonic-type regressions show that increases in Internet use significantly reduced the price of term life insurance…
The Role of Annuity Markets in Financing Retirement
Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can pla…
The Politics of Long Division
Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry
The Internet may significantly reduce search costs by enabling price comparisons on-line. This paper provides empirical evidence on how Internet comparison shopping sites affected the prices of life insurance in the 1990s. With micro data on individual insurance policies and with individual and policy characteristics controlled for, hedonic-type regressions show that increases in Internet use significantly reduced the price of term life insurance…
Personality and young adult financial distress
Insuring Long-Term Care in the United States
Long-term care expenditures constitute one of the largest uninsured financial risks facing the elderly in the United States and thus play a central role in determining the retirement security of elderly Americans. In this essay, we begin by providing some background on the nature and extent of long-term care expenditures and insurance against those expenditures, emphasizing in particular the large and variable nature of the expenditures and the e…
The Relationship between Transit Ridership and Urban Decentralisation
Conventional wisdom suggests that the increasing decentralisation of population and employment in US metropolitan areas is to blame for declining public transit mode shares and deteriorating system productivity. Proponents of this view assert that transit performs best when it connects suburbs to central business districts in more centralised urban environments. Our time-series analysis of transit patronage in Atlanta suggests that the previously…
The Role of Annuity Markets in Financing Retirement
Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can pla…
Would private accounts improve Social Security? Affirmative
The Politics of Long Division
Does the Internet Make Markets More Competitive? Evidence from the Life Insurance Industry
The Internet may significantly reduce search costs by enabling price comparisons on-line. This paper provides empirical evidence on how Internet comparison shopping sites affected the prices of life insurance in the 1990s. With micro data on individual insurance policies and with individual and policy characteristics controlled for, hedonic-type regressions show that increases in Internet use significantly reduced the price of term life insurance…
The Role of Annuity Markets in Financing Retirement
Dramatic advances in life expectancy mean that today's retirees must plan on living into their eighties, their nineties, and even beyond. Longer life expectancies are the symbol of a prosperous society, but this progress also means that some retirees will need to plan conservatively and cut back substantially on their living standards or risk living so long that they exhaust their resources. This book examines the role that life annuities can pla…
Response to Kenneth S. Apfel
Would private accounts improve Social Security? Affirmative
Examining the influence of multidestination service orientation on transit service productivity
The Relationship between Transit Ridership and Urban Decentralisation
Conventional wisdom suggests that the increasing decentralisation of population and employment in US metropolitan areas is to blame for declining public transit mode shares and deteriorating system productivity. Proponents of this view assert that transit performs best when it connects suburbs to central business districts in more centralised urban environments. Our time-series analysis of transit patronage in Atlanta suggests that the previously…
Guaranteed Trouble
How did the Pension Benefit Guaranty Corporation, a government corporation created to insure the pensions of workers and retirees in bankrupt firms, end up facing financial distress of its own? How did an organization designed to strengthen retirement security come to be seen as contributing to retirement insecurity? The superficial answer is that the PBGC's current funding problem arises from the decline in stock market prices in 2000, which red…
The Effect of Inheritance Receipt on Retirement
This paper provides new evidence on how wealth shocks influence retirement behavior. Economic theory generally posits that leisure is a normal good, yet it is difficult to obtain reliable empirical estimates of the wealth effect because wealth is correlated with numerous unobservable characteristics that affect labor supply. We use inheritance receipt as a wealth shock and find that it is associated with a significant increase in the probability …
Insuring Long-Term Care in the United States
Long-term care expenditures constitute one of the largest uninsured financial risks facing the elderly in the United States and thus play a central role in determining the retirement security of elderly Americans. In this essay, we begin by providing some background on the nature and extent of long-term care expenditures and insurance against those expenditures, emphasizing in particular the large and variable nature of the expenditures and the e…
Donor states and donee states
Personality and young adult financial distress
Behavioral Impediments to Valuing Annuities
This paper examines two behavioral factors that diminish people's ability to value a lifetime income stream or annuity, drawing on a randomized experiment with about 4,000 adults in a U.S. nationally representative sample. We find that increasing the complexity of the annuity choice reduces respondents' ability to value the annuity, measured by the difference between the sell and buy values they assign to the annuity. When we limit narrow choice …
Economics (9 works) · Financial Literacy, Pension, Retirement Analysis (7 works) · Business (6 works) · Finance (5 works) · Retirement, Disability, and Employment (5 works) · Actuarial science (4 works) · Sociology (4 works) · Econometrics (3 works) · Economic growth (3 works) · Engineering (3 works)