WorldCat Identities

Brown, Jeffrey R.

Overview
Works: 39 works in 42 publications in 1 language and 65 library holdings
Genres: Exhibition catalogs  History 
Roles: Author, Editor
Classifications: ND237.O7, 973.315
Publication Timeline
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Most widely held works by Jeffrey R Brown
Financial Education and Annuities by Jeffrey R Brown( )

2 editions published in 2009 in English and held by 11 WorldCat member libraries worldwide

Life annuities - financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream - have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theoretical work in economics suggests that life annuities ought to comprise a large share of the retirement portfolios of most households. Yet around the world, voluntary annuity markets remain small
The Supply of and Demand for Charitable Donations to Higher Education. Nber Working Paper No. 18389 by Jeffrey R Brown( Book )

1 edition published in 2012 in English and held by 5 WorldCat member libraries worldwide

Charitable donations are an important revenue source for many institutions of higher education. We explore how donations respond to economic and financial market shocks, accounting for both supply and demand channels through which these shocks operate. In panel data with fixed effects to control for unobservable differences across universities, we find that overall donations to higher education--and especially capital donations for university endowments or for buildings--are positively and significantly correlated with the average income and house values in the state where the university is located (supply effects). We also find that when a university suffers a negative endowment shock that is large relative to its operating budget, donations increase (demand effects). This is especially true for donations earmarked for current use. We conclude by discussing the importance of understanding how donations respond to economic shocks for effective financial risk management by colleges and universities
The wonderful world of toys; December 11, 1966 through January 8, 1967 by Munson-Williams-Proctor Institute( Book )

1 edition published in 1966 in English and held by 3 WorldCat member libraries worldwide

The William Benton collection : 20th century American art( Book )

1 edition published in 1974 in English and held by 3 WorldCat member libraries worldwide

René Lalique glass : the Charles and Mary Magriel collection, Sept. 8, [1974] - Jan. 5, 1975, Museum of Fine Arts, Springfield, Mass. by René Lalique( Book )

1 edition published in 1975 in English and held by 3 WorldCat member libraries worldwide

Service orientation, bus-rail service integration, and transit performance : examination of 45 U.S. metropolitan areas by Jeffrey R Brown( )

1 edition published in 2008 in English and held by 3 WorldCat member libraries worldwide

Explaining variation in transit ridership in U.S. Metropolitan Areas between 1990 and 2000 : multivariate analysis by Gregory L Thompson( )

1 edition published in 2006 in English and held by 3 WorldCat member libraries worldwide

Financial Education and Annuities by Jeffrey R Brown( )

2 editions published in 2009 in English and held by 2 WorldCat member libraries worldwide

Life annuities - financial products that help individuals convert a lump-sum of wealth into a guaranteed life-long income stream - have an important role to play in providing a secure source of retirement income. Because annuities provide valuable insurance against longevity risk, much of the theoretical work in economics suggests that life annuities ought to comprise a large share of the retirement portfolios of most households. Yet around the world, voluntary annuity markets remain small
Why the Baptists fought for American independence during the Revolutionary War by Jeffrey R Brown( Book )

1 edition published in 1979 in English and held by 1 WorldCat member library worldwide

Why don't people choose annuities? [electronic resource] : a framing explanation( Book )

2 editions published in 2008 in English and held by 1 WorldCat member library worldwide

Three essays on wage inequality and health insurance coverage by Chichun Fang( )

1 edition published in 2012 in English and held by 1 WorldCat member library worldwide

Essays on loss aversion and household portfolio choice by In Do Hwang( )

1 edition published in 2016 in English and held by 1 WorldCat member library worldwide

This dissertation studies how loss-aversion, i.e., people's behavioral tendency to be more sensitive to potential losses than the same amount of potential gains, affects households' insurance buying decisions and savings decisions. The first chapter, "Prospect Theory and Insurance Demand," tries to answer the question of why a substantial fraction of households remains uninsured even if classical expected utility theory predicts that it is beneficial to own insurance. This chapter posits that prospect theory's loss-aversion and reference point dependence can address the under-insurance puzzle and tests the theory. This chapter finds empirical evidence consistent with prospect theory using the American Life Panel (ALP) data: loss-averse individuals have a low ownership rate of long-term care insurance, supplemental disability insurance, and private health insurance; they express a low willingness to pay for health insurance; they are unwilling to purchase health insurance in a hypothetical insurance choice experiment. These results are consistent with prospect theory, which predicts that loss-aversion may decrease insurance demand if individuals' reference points are 'the wealth level when they do not engage in insurance contracts.' Under such reference points, individuals may regard insurance as a "risky investment" because they may lose premiums if a pre-specified bad event does not occur. Hence, those who are more sensitive to potential losses in premiums are unwilling to buy insurance. The second chapter investigates how loss-aversion affects individuals' decisions about saving using the Health and Retirement Study (HRS) data. Specifically, this chapter empirically tests if prospect theory's loss aversion decreases insurance demands and increases savings demands. Loss-averse individuals may be unwilling to buy term-life insurance because term-life insurance can be regarded as a risky investment. Instead, they may choose a more safe option to prepare for uncertain future events by increasing precautionary saving. This chapter tests this prediction and finds empirical evidence consistent with it: loss-averse individuals are less likely to own term-life insurance and more likely to own whole-life insurance, which serves as a partial savings instrument. These individuals also hold a higher level of wealth than others, suggesting that they tend to save more (presumably for precautionary motives), all other things being equal. The third chapter explores the socially optimal level of insurance given that households are subject to behavioral biases, especially narrow framing and loss aversion. The central issue of this normative analysis is whether or not a social welfare function (SWF) should take into consideration the behavioral components of preferences. One school of thought claims that social planners should not consider behavioral components since they are anomalies or mistakes that are often self-destructive. Another school of thought argues that social planners should respect behavioral components because these components determine actual choices and may reflect true and stable preferences. After exploring both viewpoints, this chapter concludes that narrow framing and loss aversion need to be considered in normative analysis at least to some extent because these behavioral biases may partially, if not completely, shape authentic and stable preferences. This chapter then shows that the socially optimal level of insurance could be lower than full insurance when these behavioral components are reflected in the SWF
The FBI's Special Intelligence Service : a thematic examination by Jeffrey R Brown( )

1 edition published in 2011 in English and held by 1 WorldCat member library worldwide

Ortman : recent constructions by George Ortman( Book )

1 edition published in 1971 in English and held by 1 WorldCat member library worldwide

Essays in applied microeconomics by Sarah Miller( )

1 edition published in 2012 in English and held by 1 WorldCat member library worldwide

Finance and economics discussion series : the geography of stock market participation by Jeffrey R Brown( Book )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Guaranteed trouble by Jeffrey R Brown( )

1 edition published in 2008 in English and held by 1 WorldCat member library worldwide

Social Security Policy in a Changing Environment (A National Bureau of Economic Research conference report) by David A Wise( Book )

1 edition published in 2009 in Undetermined and held by 1 WorldCat member library worldwide

Finance and economics discussion series : executive financial incentives and payout policy by Jeffrey R Brown( Book )

1 edition published in 2013 in English and held by 1 WorldCat member library worldwide

Framing, refererence points, and preferences for life annuities( )

1 edition published in 2008 in English and held by 0 WorldCat member libraries worldwide

Although rational models of risk-averse consumers have difficulty explaining limited annuity demand, we have shown in previous work that re-framing the decision in consumption terms rather than investment terms significantly increases the relative attractiveness of life annuities. In this paper we test the relative effectiveness of our two framing contexts when different reference points are introduced, testing for loss aversion in both investment and consumption frames. We find that the positive effect of the consumption frame on annuity preferences is unchanged when the frame includes an annuity purchase price, confirming that this effect was not driven by the omission of the most obvious investment-oriented reference point. Similarly, manipulations of other reference points (the level of principal protection in the investment frame or the level of habitual spending in the consumption frame) have minimal effects. Taken together, these findings provide little evidence that reference points are an important determinant of annuity demand in either frame. They also confirm our prior finding on the importance of consumption versus investment framing on the attractiveness of life annuities -- Abstract
 
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Audience level: 0.69 (from 0.01 for The FBI's ... to 0.99 for Guaranteed ...)

Languages
English (22)