<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "The desirability of pay-as-you-go pensions when relative consumption matters and returns are stochastic"^^ . "Under concerns for relative consumption a PAYG system becomes more attractive because it insures pensioners against the risk of being outperformed, but it becomes potentially less effective in hedging the risks associated with financial markets. The net effect is ambiguous."^^ . "2012" . . "117" . . "Elsevier"^^ . . . "Economics Letters"^^ . . . "01651765" . . . . . . . . . . "Massimo"^^ . "D'Antoni"^^ . "Massimo D'Antoni"^^ . . "Ennio"^^ . "Bilancini"^^ . "Ennio Bilancini"^^ . . . . . "HTML Summary of #3880 \n\nThe desirability of pay-as-you-go pensions when relative consumption matters and returns are stochastic\n\n" . "text/html" . . . "HB Economic Theory"@en . . . "HC Economic History and Conditions"@en . .