Post-Service Earnings of Veterans: A Survey and Further Research
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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This thesis analyzes the post-service labor market experience of military veterans. First, an exhaustive survey of the literature on the post- service earnings was conducted. Research studies were classified according to survey sample, methodology and empirical findings. Second, an empirical analysis of the effect of veteran status on post-service earnings was performed. A dataset was created using the 1986 Reserve Components Survey. Standard human capital models were estimated to measure the effect of 1 veteran status, 2 formal military training 3 military on-the-job training, and 5 civilian- reserve job similarity. the results indicate a small overall negative return to veteran status. However, results for the individual services varied. A positive return was found for service in the Air Force, Navy and Marine Corps, but a penalty was observed for service in the Army. It appears that black veterans were not hurt by military service. The results for training and transfer variables were positive for the Air Force, Navy and Marine Corps.
- Economics and Cost Analysis
- Personnel Management and Labor Relations
- Military Forces and Organizations