• 1 Introduction
  • 2 Model
  • 3 Numerical Method
  • 4 Results
  • 4.1 Overview
  • 4.2 Allocation of Human Capital
  • 4.3 Eectiveness of Cheap Talk
  • 4.4 Comparison with the Balanced Growth Path
  • 5 Conclusion
  • References
  • A Graphs of Optimal Paths and Controls