This paper studies the consumption decisions of agents who face costs of acquiring, absorbing and processing … consumption plans. In between updating dates, they remain inattentive. This behavior implies that news disperses slowly throughout … the population, so events have a gradual and delayed effect on aggregate consumption. The model predicts that aggregate …

We present evidence that many households have only a vague notion of what they are spending on various consumption … level of attention, and thereby sheds new light on the sharp reduction in consumption both at retirement, and in cyclical …

by the consumption loss induced by the move (consumption is a public good while the child lives in the parental home). We … difference between disposable income and consumption but cannot distinguish children who will leave from those who will stay. We …