The Empirical Evidence Indicates That Most OECD Countries Are Far

question 25

Essay

The empirical evidence indicates that most OECD countries are far below their golden- rule level of capital. What are the practical limitations of raising the saving rate closer to the golden- rule level? How close to the golden rule should governments try to get? Why?

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Definitions:

Naturalist Intelligence

The ability to recognize, categorize, and draw upon certain features of the environment, as proposed in Howard Gardner's theory of multiple intelligences.

Emotional Mind

A powerful, impulsive, sometimes illogical awareness; an ability to perceive emotions.

Assertiveness

Standing up for your rights without threatening the self-esteem of the other person.

Aggressiveness

Hurting others and putting them on the defensive.