In 1962, he joined the faculty at MIT, achieving distinction as an Institute Professor, where he stayed until his death. In 1985 he received MIT's James R. Killian Faculty Achievement Award. Modigliani also co-authored the textbooks, "Foundations of Financial Markets and Institutions" and "Capital Markets: Institutions and Instruments" with Frank J. Fabozzi of Yale School of Management. In the 1990s he teamed up with Francis Vitagliano to work on a new credit card, and he also helped to oppose changes to a patent law that would be harmful to inventors. He is the co-author of Rethinking Pension Reform (2009), Cambridge University Press, and along with Arun Muralidhar, critiqued the privatization model of Social Security reform proposed by the World Bank (in the 1990s) and President Bush in the early 2000s, and offered a better alternative to reform Social Security systems globally. Modigliani was a trustee of the Economists for Peace and Security. A collection of Modigliani's papers is housed at the Rubenstein Library at Duke University. He received an honoris causa degree in Management Engineering from University of Naples Federico II in 1997. For many years, he lived in Belmont, Massachusetts; he died in Cambridge, Massachusetts.
ReferencesFranco Modigliani and Arun Muralidhar, "Rethinking Pension Reform," Cambridge University Press, London, UK, 2004
- Franco Modigliani autobiography
- About Franco Modigliani from nobel-winners.com
- Memorial for Franco Modigliani – MIT Sloan
- his pioneering analyses of saving and of financial markets.
- School performance in the early years was good though not outstanding
- Arno Tausch (2005) ‚ World Bank Pension reforms and development patterns in the world system and in the “Wider Europe”. A 109 country investigation based on 33 indicators of economic growth, and human, social and ecological well-being, and a European regional case study’. A slightly re-worked version of a paper, originally presented to the Conference on “Reforming European pension systems. In memory of Professor Franco Modigliani. 24 and 25 September 2004”, Castle of Schengen, Luxembourg Institute for European and International Studies
- Documentary films on Franco Modigliani, with critiques of his work, as part of the Nobel Perspectives project