An Examination of the Effects of Economic Conditions on Pilot Retention
Abstract
This study investigates the effects of economic conditions on pilot retention. The basis for the analysis is that the pilot is an individual whose decision-making process is based on perceptions derived from various economic influences. Based on this 'economic man' assumption, the researchers hypothesized that certain economic conditions are highly correlated with pilot retention. A factor analysis and several multiple regression analyses were performed to investigate the relationship between selected economic variables and pilot retention rate. Aggregate economic factors as independent variables produced low coefficients of determination (Adjusted R2). Disaggregate economic indicators as independent variables produced large Adjusted R2 values. Lag effects between economic change and retention rate were examined. Variables in the regression model changed as lag time was varied between zero and twelve months.
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1982
- Accession Number
- ADA122980
Entities
People
- Dejuan Cromer
- Mark R. Julicher
Organizations
- Air Force Institute of Technology