Faculty Associates

David Albouy- Faculty Profile Page

David Albouy is an Associate Professor of Economics at the University of Illinois Urbana-Champaign and a Faculty Research Fellow at the National Bureau of Economic Research. He received his Ph.D. in economics from the University of California, Berkeley, and was an Assistant Professor at the University of Michigan. David's research centers on public and urban economics, with secondary interests in labor, political, and environmental economics.

Kathy Baylis - Faculty Profile Page

Kathy Baylis is an assistant professor in Agriculture and Consumer Economics at the University of Illinois. She joined the department after several years as an assistant professor at the University of British Columbia where she is still an adjunct. She earned her PhD from the University of California at Berkeley in 2003, where she specialized in agriculture and trade issues. Kathy has worked in agricultural policy in both Canada and the United States. In 2001/02, she was the staff economist in charge of agriculture for the Council of Economic Advisors in the White House, and in the mid-1990s, she worked as Executive Secretary with the National Farmers Union in Canada. She has published a number of journal articles on agricultural trade and environmental policy and has coauthored a textbook on Canadian-U.S. agricultural policy.

Jeffrey R. Brown - Faculty Profile Page

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 also serves as the Director of the National Bureau of Economic Research (NBER) Retirement Research Center in Cambridge, MA. He previously served as the founding director of the Center for Business and Public Policy at the University of Illinois.

Dean Brown holds a PhD in economics from the Massachusetts Institute of Technology, a masters of public policy degree from Harvard University, and bachelor’s degrees in economics and political science from Miami University. He is a research associate of NBER, a faculty affiliate of the Institute on Government and Policy Affairs, and a fellow of the TIAA-CREF Institute.

Brown serves as a trustee for TIAA, a Fortune 100 financial services company, and currently chairs the TIAA audit committee. He is also a member of the Governing Board for the Center for Audit Quality (CAQ) in Washington, DC. He serves as Vice Chair of the Board of Managers of UI Singapore Research LLC. He is also a member of the advisory board for the Tax Policy Center, a joint initiative of the Brookings Institution and the Urban Institute. He previously served on the board of the American Risk and Insurance Association.

Prior to joining the Illinois faculty, Brown was an assistant professor of public policy at Harvard University’s John F. Kennedy School of Government. From 2001-2002, he served as senior economist at the White House Council of Economic Advisers. In 2001 he also served on the staff of the President’s Commission to Strengthen Social Security. In 2006, President Bush nominated, and the Senate confirmed, Brown as a member of the bipartisan Social Security Advisory Board. He also served on the 2015 Social Security Technical Panel.

Brown has published extensively on public and private insurance markets, including articles in The American Economic Review, The Journal of Political Economy, The Journal of Finance, The Journal of Financial Economics, and numerous other journals and books. He is the recipient of the Lumina Award for Outstanding Research in Insurance and E-Commerce, the Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, the ARIA Early Career Scholarly Achievement Award, and the RIIA Achievement in Applied Retirement Research Award. He was also named a University Scholar by the University of Illinois in 2011.

Brown has edited four books, the most recent of which explores how the Great Recession affected higher education. He is a co-founder and former co-editor of The Journal of Pension Economics and Finance and an associate editor of The Journal of Risk and Insurance. He has served as a consultant to numerous federal government agencies as well as many of the leading US financial services firms. Prior to graduate school, he was a brand manager at the Procter & Gamble Company.

Jon S. Davis - Faculty Profile Page

Jon S. Davis is the Robert C. Evans Endowed Chair in Business and Department Head at the University of Illinois at Urbana-Champaign. He is a CPA and he worked at Deloitte, Haskins and Sells in tax before pursuing his Ph.D. Degree at University of Arizona. Before rejoining the faculty at Illinois this year, he was a professor at University of Wisconsin-Madison and University of Colorado-Boulder. Professor Davis' teaching is primarily in the tax area. His research has addressed topics in auditing and tax, including compliance in regulatory environments, fraud, tax policy, and judgment and decision making in public accounting. His research employs methods and theories from psychology, sociology, evolutionary biology and economics.
tatyana deryugina
Tatyana Deryugina- Faculty Profile Page

Tatyana Deryugina is a Assistant Professor of Finance in the College of Business. Her research focuses on environmental economics and include evaluating the local economic impact of hurricanes in the US, studying how people's beliefs about global warming are affected by local weather fluctuations, and estimating the degree of adverse selection in area yield insurance in the United States.

Tatyana did her graduate economic studies at MIT. She also hold a BA in Applied Math and a BS in Environmental Economics in Policy, both from UC Berkeley.
don_fullerton Don Fullerton - Faculty Profile Page

Don Fullerton received a BA from Cornell in 1974 and a PhD in Economics from U.C. Berkeley in 1978. He taught at Princeton University (1978-84), the University of Virginia (1984-91), Carnegie Mellon University (1991-94) and the University of Texas (1994-2008), before joining the University of Illinois in 2008. From 1985 to 1987, he served in the U.S. Treasury Department as Deputy Assistant Secretary for Tax Analysis. His early research in public economics focused on computable general equilibrium models of taxation, marginal effective tax rates, the marginal cost of public funds, and distributional effects of taxes on a lifetime basis. Recent research includes the distributional effects of social security. In environmental and energy economics, he works on household disposal of garbage and recycling, policies for green design, vehicle emission control policies, carbon taxes, and other second-best policies in the energy sector where direct environmental taxes are not feasible.

J. Fred Giertz - Faculty Profile Page

Fred Giertz teaches courses in public finance and public sector economics. Research focuses on public finance, public choice, and regional economic development. Specializes in state and local taxation and expenditure analysis in regional economic development issues. Advisor to: the Illinois Bureau of Budget, since 1991; the Illinois Department of Commerce and Community Affairs, 1993; Governor Edgar's Transition Team, 1990-91. Has served as a tax and revenue consultant to many Illinois government commissions and offices.
david_hyman David A. Hyman - Faculty Profile Page

David Hyman, the Richard W. and Marie L. Corman Professor, is considered to be one of the country’s top health law scholars, teaches civil procedure and health care regulation. His principal research interests are the regulation of health care financing and delivery and empirical law and economics. Professor Hyman has published articles on a wide range of subjects, including medical malpractice, managed care, consumer protection, narrative, professional responsibility, tax exemption, and civil procedure.

Professor Hyman has been a Visiting Professor at the University of Texas and George Washington University Schools of Law, and a Professor at the University of Maryland School of Law. He is a member of the American Law Institute and was the chair of the section of law and social sciences of the American Association of Law Schools.

Professor Hyman served for three years as Special Counsel to the Federal Trade Commission, where he was responsible for coordinating hearings and a major report on health care and competition law and policy. He is on the editorial board of the American Journal of Law & Medicine, and is an adjunct scholar at the Cato Institute. He is admitted to practice before the 6th, 7th and 10th Circuit Courts of Appeal, and the United States Tax Court, and is a member of the bars of Illinois and the District of Columbia.

charlie_kahn Charles M. Kahn - Faculty Profile Page

Charles Kahn is the Bailey Professor of Finance and Professor of Economics at the University of Illinois. He received his Ph. D. in economics from Harvard University. He has published extensively in economics and finance journals on issues in the economics of asymmetric information and its effects on institutional arrangements. He has been a National Fellow at the Hoover Institution at Stanford University, a Visiting Fellow at the Australian National University, an Overseas Fellow at Churchill College of Cambridge University. He has served as a consultant to the Bank for International Settlements on inter-authority coordination of bank regulation and as a consultant at central banks, including the Federal Reserve Banks of Atlanta, Cleveland, and New York, the European Central Bank, and the Bank of England, where he has researched incentive effects of payment and settlement systems.

richard_kaplan Richard Kaplan - Faculty Profile Page

Professor Richard Kaplan, the Peer and Sarah Pedersen Professor of Law, graduated from Indiana University with highest honors and earned his law degree from Yale University. He practiced law in Houston with Baker & Botts, specializing in U.S. tax consequences of international transactions, before joining the faculty in 1979. An internationally recognized expert on U.S. taxation and tax policy, he has lectured in these areas on three continents, testified before the U.S. Congress on several occasions, and written innovative course books on income taxation and international taxation.

Professor Kaplan developed one of the first law school courses on Elder Law, an emerging specialty dealing with the legal implications of extended life, and is the co-author of Elder Law in a Nutshell (4th ed. 2006). He has served as faculty advisor for the Elder Law Journal since its inception in 1992. He has also been recognized with the Outstanding Professor in the College of Law several times and has received the Campus Award for Excellence in Graduate and Professional Teaching at the University of Illinois.

Professor Kaplan is a Fellow of the Employee Benefits Research Institute and a member of the National Academy of Social Insurance. He served on a 12-member panel on The Future of the Health Care Labor Force in a Graying Society, chaired by former U.S. Secretary of Labor Lynn Martin. In 2002, he was a delegate to the National Summit on Retirement Savings organized by the U.S. Department of Labor.

darren_lubotsky Darren Lubotsky - Faculty Profile Page

Darren Lubotsky is an Associate Professor at the University of Illinois at Urbana-Champaign. He has been at the University of Illinois since 2002 and currently holds appointments in the Department of Economics, Institute of Government and Public Affairs, and School of Labor and Employment Relations. From 2000 to 2002 he was a Postdoctoral Research Associate at Princeton University. He received his Ph.D. in Economics from the University of California at Berkeley in 2000. Most of his research falls within the broad areas of immigration to the United States, the health and cognitive development of children, and health and health insurance more generally.

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Benjamin Marx

Ben Marx joined the Department of Economics at the University of Illinois at Urbana-Champaign in 2013. He earned his doctorate in economics from Columbia University. Prior to graduate school, he taught in China and worked in refugee resettlement, after-school education, and nonprofit consulting. His research focuses on the provision of public goods and the funding and regulation of the nonprofit sector.
Daniel McMillen- Faculty Profile Page

Daniel McMillen is a Professor of Economics at the University of Illinois at Urbana-Champaign, a visiting fellow at the Lincoln Institute of Land Policy, and a consultant at the Federal Reserve Bank of Chicago. He has served as co-editor of Regional Science and Urban Economics since 2007. Since receiving his Ph.D. in economics from Northwestern University in 1987, he has been a member of the economics departments at the University of Oregon, Santa Clara University, Tulane University, and the Chicago and Urbana-Champaign campuses of the University of Illinois. His publications have appeared in such journals as Regional Science and Urban Economics, the Journal of Urban Economics, Real Estate Economics, the Journal of Business and Economic Statistics, and the Review of Economics and Statistics.

Nolan Miller - Faculty Profile Page
Director, Center for Business and Public Policy

Nolan Miller is a Professor of Finance at the University of Illinois. He studies the economics of information and incentives across a wide range of topics, including healthcare, the environment, economic development, insurance, industrial organization and competitive strategy, and his work on these issues has been published in journals such as The American Economic Review, The Journal of Health Economics, Management Science, and the RAND Journal of Economics, among others. He currently serves as an associate editor of The Review of Economics and Statistics and the Berkeley Electronic Journals in Theoretical Economics. Prior to coming to the University of Illinois in 2009, he was an Associate Professor of Public Policy at Harvard’s John F. Kennedy School of Government. He received his Ph.D. from Northwestern University’s J.L. Kellogg Graduate School of Management and holds bachelor’s degrees in economics (Wharton) and philosophy from the University of Pennsylvania.

David Molitor - Faculty Profile Page

David Molitor is an Assistant Professor of Finance in the College of Business.  He received his Ph.D. in economics from the Massachusetts Institute of Technology and holds a B.S. in Math and Economics from the University of Minnesota.  Prior to joining the University of Illinois in 2013, David was a Postdoctoral Fellow at Stanford University (SIEPR).  His research focuses on the economics of health care delivery in the United States, including the determinants of physician practice behavior and medical technology diffusion.
george pennacchi George G. Pennacchi - Faculty Profile Page

George Pennacchi is a professor of finance and a co-director of the Office for Banking Research at the University of Illinois at Urbana-Champaign. Also, he is the Program Coordinator for Deposit Insurance at the Federal Deposit Insurance Corporation's Center for Financial Research and is a Research Associate at the Federal Reserve Bank of Cleveland. His research focuses on financial intermediaries and the valuation of fixed-income securities and government guarantees. Currently, he is the Managing Editor of the Journal of Financial Intermediation and an associate editor of the Journal of Financial and Quantitative Analysis, the Journal of Financial Services Research, and the Journal of Money, Credit and Banking. Previously, he was an associate editor for the Journal of Banking and Finance, the Journal of Finance, the Review of Financial Studies, and Management Science, and a co-editor of Advances in Futures and Options Research.

His consulting experience includes work for the U.S. Office of Management and Budget, the World Bank, and the International Monetary Fund. He has been a visiting professor at the Università Bocconi in Milan, Italy, and was a member of the finance faculty at the Wharton School of the University of Pennsylvania. Mr. Pennacchi received a Sc.B. degree in applied mathematics from Brown University in 1977 and a Ph.D. in economics from the Massachusetts Institute of Technology in 1984.

elizabeth_powers Elizabeth Powers - Faculty Profile Page

Elizabeth Powers is a professor of Economics and Public Policy at the University of Illinois at Urbana-Champaign. Prior to joining the University of Illinois in 1996, Elizabeth was an economist with the Federal Reserve Bank of Cleveland and a junior staff economist with President George H.W. Bush's Council of Economic Advisers. She holds a Ph.D. in Economics from the University of Pennsylvania and a B.A. in Economics from Vassar College. Elizabeth is the author of numerous peer-reviewed journal articles and serves on the editorial board of National Tax Journal. Much of Elizabeth’s research investigates the impact of public programs on behavior. Her work on the effects of child health on maternal labor supply has been widely cited. Ongoing research projects are in the areas of child well-being, work disability, and developmental disabilities. Elizabeth is currently advising the Donors Forum Public/Nonprofit Partnership Imitative on the development of principles for state contracting with private nonprofit human service providers. She also serves as a consultant to the Inter-American Development Bank on early child development.

Julian Reif Julian Reif- Faculty Profile Page

Julian Reif joined the University of Illinois at Urbana-Champaign in 2012. He received a BA in Economics from Vanderbilt University in 2004 and completed his graduate studies at the Economics Department of the University of Chicago. Prior to graduate school, he worked for three years in the economic consulting industry. His research focuses on healthcare economics and includes examining the effect of tort reform on physician supply and modeling how addiction and social interactions affect smoking behavior.
weisbenner Scott Weisbenner - Faculty Profile Page

Scott Weisbenner is an Professor of Finance and a James F. Towey Faculty Fellow. He earned a Ph.D. in economics from MIT and has been on the Illinois faculty since 2000. Before coming to Illinois, he worked as an economist for the Federal Reserve Board of Governors in the capital markets section. Professor Weisbenner has been a research fellow at the National Bureau of Research (NBER) since 2002.

Professor Weisbenner teachers MBA courses in corporate finance and behavioral finance. His research interests include household portfolio decisions and how they are influenced by taxation and psychological factors, issues concerning retirement saving and pension plans, and corporate financial policy. He has published articles in leading finance and economics journals, including The American Economic Review, The Journal of Finance, The Journal of Financial Economics, The Journal of Financial and Quantitative Analysis, The Journal of Public Economics, The Review of Economics and Statistics, and The Review of Financial Studies and his work has been cited in numerous news publications including Barron’s, Business Week, Chicago Tribune, Forbes, Smart Money, The New York Times, The Wall Street Journal, The Washington Post, and The Washington Times.