[3]  Italy’s contributions to euro area GDP and manufacturing amount to around 15 percent each, while Spain makes up 11 percent of GDP and 9 percent of manufacturing value added. [4]  For a detailed analysis of euro area wage developments, see Nickel, C. et al. (eds.)
In a study of defined contribution plans by James Choi and others, one-third of self-reported undersavers said they intended to increase their savings rate in the next few months, but almost none actually made a change in their 401(k) savings rate. This finding amply demonstrates the value of bringing a variety of disciplines to bear in creating effective programs.