By Patrick Cairns. For MoneyWeb.
Editorial published in Le Monde.
Three professors of finance, Lionel Martellini, Robert C. Merton and Arun S. Muralidhar, suggest issuing bonds with maturities and durations that would match the retirement age and life expectancy at retirement.
"Observations on the Role of Finance Science and Financial Innovation in Global Economic Growth and Development"
Robert Merton: Why he thinks reverse mortgages will solve the global retirement income crisis. By Jessica Guerin.
with Arun Muralidhar, Pensions & Investments
By SM Levitan and RC Merton
Presented at the Actuarial Society of South Africa’s 2015 Convention
17–18 November 2015, Sandton Convention Centre