Based on social security data, this paper analyzes wage trends for full employed males by estimating (censored) quantile regressions as functions of age, cohort, education, and year. We test whether a parsimonious specification separating life cycle effects from macroeconomic effects can...

In this paper, we estimate consumption in the first wave of the Eurosystem Household Finance and Consumption Survey for a subset of countries that account for around 85% of the aggregate final consumption expenditure of households in the euro area. For this purpose we use the methodology...