Robert Merton (School of Management Distinguished Professor of Finance at MIT Sloan School of Management, 1997 Nobel Prize in Economics and GCFP co-director) has long advocated for better ways to save for retirement. His concept of Retirement Security Bonds (RSB’s) would allow [...]

With the arrival of a new Congress and a new administration, change may be in store for current and former students who have borrowed to pay for higher education expenses. On the campaign trail, Donald Trump indicated a desire to ease the debt burden carried by former students, and Republicans at ti...

The Fall 2022 edition of the newsletter of the MIT Institute for Work and Employment Research (IWER) is now available online.

by Ed Golding, Michelle Aronowitz and Jung Choi // This paper demonstrates that Black homeowners on average will pay $67,320 more for their houses because...

We all have heard about these “unprecedented times” and how we need to throw the old play book out and try something new. For decades, we have had established protocols on [...]

In a paper published in the Harvard Data Science Review on May 14, 2020, the co-director of GCFP, Andrew Lo, along with his co-authors Kien Wei Siah and Chi Heem Wong, estimate the probability of success (PoS) of [...]

In September, the MIT Industrial Liaison Program hosted the 2022 MIT Sustainability Conference to confront the reality of global climate risk in the context of the corporate world.

The name Angela Davis has been synonymous with radical activism since the 60s. In the intervening years, Davis has channeled those efforts for change into an equally impactful academic career. Now 76, she is a professor emerita at the University of California, Santa Cruz and the author of several in...

In surveys conducted since 2018, a larger share of nonunionized U.S. workers than in previous decades report they are neither supportive of or opposed to voting for a union in their workplace. Instead, these workers are uncertain. That’s one of the key findings of a new report published by the Econ...

In late January, Brazil launched the RendA+ treasury bond instrument, a new retirement security adapted from the work of School of Management Distinguished Professor of Finance and Nobel Prize in Economics laureate Robert C. Merton, PhD ’70, and Arun Muralidhar, PhD ’92.