Determinants of Navy Reenlistment and Extension Rates
Abstract
This paper analyzes the effects of regular military compensation and reenlistment bonuses on the probabilities of reenlistment and extension among first-term and second-term Navy enlisted personnel. We find that the pay elasticities vary substantially across occupational categories. For example, the elasticity of the total probability of staying with respect to regular military compensation ranges between 1.12 and 2.72 for first-term personnel and between 0.94 and 3.78 for second-term personnel. We recommend adopting occupation-specific pay elasticities in forecasting since the all-Navy pay elasticity will yield misleading results.
Document Details
- Document Type
- Technical Report
- Publication Date
- Dec 01, 1982
- Accession Number
- ADA132718
Entities
People
- John T. Warner
- Matthew S Goldberg
Organizations
- Center for Naval Analyses