Distinguished Professor of Finance, MIT Sloan School & Nobel Laureate — Economics 1997
Merton received the Alfred Nobel Memorial Prize in Economic Sciences in 1997 for a new method to determine the value of derivatives.
Retirement Security Bond (RSB) Work
An RSB is a single, liquid, low-cost, full faith and credit government-issued bond that mimics the accumulation and payout patterns of a deferred annuity or pension with inflation and standard of living adjustments, making it suitable for even the most financially unsophisticated individual to save for retirement. The Brazilian government, was the first to adopt this concept in 2023 with its RENDA+ bond.
