Long-term consequences of vietnam-era conscription: schooling, experience, and earnings / Joshua D. Angrist, Stacey H. Chen.

Format:

Book

Author/Creator:

Angrist, Joshua D.

Contributor:

National Bureau of Economic Research.

Chen, Stacey H.

Series:

Working Paper Series (National Bureau of Economic Research) no. w13411.

NBER working paper series no. w13411

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Long-term consequences of vietnam-era conscription

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2007.

Summary:

This paper uses the 2000 Census 1-in-6 sample to look at the long-term impact of Vietnam-era military service. Instrumental Variables estimates using draft-lottery instruments show post-service earnings losses close to zero in 2000, in contrast with earlier results showing substantial earnings losses for white veterans in the 1970s and 1980s. The estimates also point to a marked increase in schooling that appears to be attributable to the Vietnam-era GI Bill. The net wage effects observed in the 2000 data can be explained by a flattening of the experience profile in middle age and a modest return to the increased schooling generated by the GI Bill. Evidence on disability effects is mixed but seems inconsistent with a long-term effect of Vietnam-era military service on health.

Notes:

Print version record

September 2007.