The earnings of veterans: effects of military service
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Authors
Sansone, Russell J.
Subjects
veteran earnings
veteran wages
veteran data
veteran regression model
veteran wages
veteran data
veteran regression model
Advisors
Bacolod, Marigee
Tick, Simona L.
Date of Issue
2015-03
Date
March 2015
Publisher
Monterey, California: Naval Postgraduate School
Language
Abstract
This thesis examines the effects of military service on veterans’ earnings in the civilian labor force. This is important as the services allocate large amounts of resources to not only ensure readiness for the next mission, but to understand its return on investment and how to recruit and retain the force. Using data from Integrated Public Use Microdata Series 2000–2012 and multivariate analysis, this thesis identifies premiums and penalties in the civilian labor market associated with active service during conscription and the All-Volunteer Force. The analysis controls for educational attainment, occupation, race, periods of service, and active service years, and finds a penalty for veterans who have a post high school education, who, on average, have earnings that are lower than their observationally similar non-veteran counterparts. In addition, veterans in business and finance are observed to have a penalty for military service, compared to veterans in other occupations who are observed to earn more than non-veteran counterparts. Overall, this thesis finds a premium associated with service, as measured by post-service civilian earnings. The benefit of service varies across occupations, educational attainment and other factors.
Type
Thesis
Description
Series/Report No
Department
Graduate School of Business and Public Policy (GSBPP)
Graduate School of Business and Public Policy (GSBPP)
Organization
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NPS Report Number
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Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.