Civilian earnings of non-retiree officers
Mehay, Stephen L.
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This thesis looks at the post-service civilian earnings of non-retiree military officers. For this purpose, a data base was created using the 1986 DoD Reserve Components Survey. Log-earnings equations were estimated to measure the effect of (1) veteran status, (2) skill transferability, and (3) commissioning source. Empirical analyses were conducted using graphs of officers categorized by race and gender. Age-earnings graphs were used to help explain differences in income between various groups of non-retiree officers and their civilian counterparts. The results indicate that non-retiree officers have, on average, higher incomes than their civilian counterparts. Although Navy officers earn the highest premium, Army officers earn less than their civilian counterparts. Male non-retiree officers have higher incomes than female non-retiree officers. White non-retiree officers exhibit increasing income growth rates while non-white non-retiree officers reveal no consistent growth pattern. Skill transferability yields a 10% earnings premium. Finally, military academy graduates were found to earn 17.3 percent more income than their civilian counterparts.
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