期刊名称：Discussion Papers in Economics / Department of Economics, Royal Holloway
出版年度：2009
卷号：2009
出版社：University of London
摘要：Military service reduces the civilian work experience of veterans but subsidizes
their college attendance through the GI Bill. Estimates of veteran e¤ects using
the Vietnam-era draft-lottery show a post-service earnings impact close to zero in
2000, coupled with a marked increase in college attendance.. Viewed through the
lens of a Mincer wage equation, these results are explained by a .attening of the
experience pro.le in middle age and a modest return to GI Bill schooling. Consistent
with Roy-type selection into college for veterans, IV estimates of the returns to GI
Bill-funded schooling are well below OLS estimates. These results are unchanged
in more general models that allow for nonlinear returns to schooling and possible
e¤ects of military service on health.
