Economic Returns to Military Service
Abstract
This research assesses the economic returns to military service by examining the impact of service on in-service and post-service earnings. It extends the authors' previous research in several ways. First, it builds an extensive literature review on the subject since our research was completed. The review focuses on techniques of measuring the economic returns to military service. Second, it adjusts the earnings equations for self-selection bias. Third, it extends our earlier analysis and model development to female veterans and nonveterans, where the theoretical, empirical, and econometric issues are not precisely analogous to those for men. Fourth, it uses the most military data available from the National Longitudinal Surveys of Youth.
Document Details
- Document Type
- Technical Report
- Publication Date
- Jul 01, 1991
- Accession Number
- ADA241132
Entities
People
- Paul J. Andrisani
- Thomas N. Daymont