We show what the rational inattention model predicts about the treatment effect of information provided during a randomized control trial. This is a non-trivial question because the model implies optimal attention choice before, during, and after an information treatment. The predictions of the...

The risk of ending up poor in old age is shaped at young ages and it is concentrated among women. To counteract old-age poverty, many countries redistribute income through the pension system. They often do so based on an individual's lifetime earnings, like US Social Security. In this paper, we...