Merton, Robert C. "Optimal Portfolio Rules in Continuous Time When the Nonnegativity Constraint on Consumption is Binding" Working Paper, 1989. (In Chapter 6 of Continuous-Time Finance.)
Bodie, Zvi, Alan J. Marcus and Robert C. Merton. “Defined Benefit versus Defined Contribution Pension Plans: What are the Real Tradeoffs.” In Pensions in the U.S. Economy, edited by John B. Shoven and David A. Wise. Chicago: University of Chicago Press, 1988.
Merton, Robert C., Zvi Bodie and Alan J. Marcus. “Pension Plan Integration as Insurance against Social Security Risk.” In Issues in Pension Economics, edited by Zvi Bodie, John B. Shoven and David A. Wise. Chicago: University of Chicago Press, 1987.
Merton, Robert C. “In Honor of Nobel Laureate, Franco Modigliani.” Economic Perspectives 1 (fall 1987): 145-155.
Merton, Robert C. “A Simple Model of Capital Market Equilibrium with Incomplete Information.” Journal of Finance 42 (July 1987): 483-509.
Marsh, Terry A., and Robert C. Merton. “Dividend Behavior for the Aggregate Stock Market.” Journal of Business 60 (January 1987): 1-40.
Merton, Robert C. “On the Current State of the Stock Market Rationality Hypothesis.” In Macroeconomics and Finance: Essays in Honor of Franco Modigliani, edited by R. Dornbusch, S. Fischer and J. Bossons. Cambridge: MIT Press, 1987. (Working Paper