PDF-equaltoheroptimalsavingsrate*.Untiltheagentoptsoutofthedefault,theagen

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ifandonlyifActualActionsandWelfareUsing1and2wecandeterminewhethertheagentwilloptoutofthedefaultwhen1Itturnsoutthatwhentheagentonlyoptsoutofthedefaultwhenbutwhentheinequalityisreversedtheagento

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