Long-Term Economic Consequences of Vietnam-Era Conscription: Schooling, Experience and Earnings
2010/04/13
研討會日期 : 2010-04-13
時間 : 14:30
主講人 : 陳香如助理教授
地點 : C103
演講者簡介 : Stacey H. Chen received her Ph.D. in Economics from University of Rochester in 2002. She is currently serving as Assistant Professor of Economics at Royal Holloway University of London. Her research interest is in labor economics and applied econometrics.
演講摘要 : Military service reduces the civilian work experience of veterans but subsidizes their college attendance through the GI Bill. Estimates of veteran effects 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 flattening of the experience profile 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 effects of military service on health.
