000			02048cam a22003497 4500
001			w10216
003			NBER
005			20211020112844.0
006			m o d
007			cr cnu||||||||
008			210910s2004 mau fo 000 0 eng d
100	1		_aAmeriks, John. _94899
245	1	4	_aThe Absent-Minded Consumer / _cJohn Ameriks, Andrew Caplin, John Leahy.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c2004.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w10216
500			_aJanuary 2004.
520	3		_aWe present evidence that many households have only a vague notion of what they are spending on various consumption items. We then develop a life-cycle model that captures this absent-mindedness'. The model generates precautionary spending, whereby absent-minded agents tend to consume more than attentive ones. The model also predicts fluctuations over time in the level of attention, and thereby sheds new light on the sharp reduction in consumption both at retirement, and in cyclical downturns. Finally, we find patterns of attention in the data that are consistent with those predicted by the model.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aD9 - Micro-Based Behavioral Economics _2Journal of Economic Literature class.
690		7	_aE2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy _2Journal of Economic Literature class.
700	1		_aCaplin, Andrew. _97360
700	1		_aLeahy, John.
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w10216.
856	4	0	_uhttps://www.nber.org/papers/w10216
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w10216
942			_2ddc _cW-PAPER
999			_c337955 _d296517