In words, explain how one can say that a household is definitely better off from reducing the save rate if it is initially above the Golden Rule, but cannot say whether or not a household is better or worse if it increases the saving rate from below the Golden Rule.
In words, explain how one can say that a household is definitely better off from reducing the save rate if it is initially above the Golden Rule, but cannot say whether or not a household is better or worse if it increases the saving rate from below the Golden Rule.
