Can a draft induce more human capital investment in the military?
AbstractWe consider the possibility a draft increases the likelihood individuals will invest in human capital in the military. This possibility exists because those drafted have less time to reap the return from human capital investment since, with a volunteer military, one need not enlist. A draft is more likely to increase human capital investment in the military the larger the civilian return to human capital investment, the shorter the additional time one must spend in the military if one invests while enlisted, and the larger the cost to an individual of obtaining a deferment.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 33 (2013)
Issue (Month): 2 ()
Contact details of provider:
Conscription; volunteer military; human capital;
Other versions of this item:
- Timothy Perri, 2011. "Can A Draft Induce More Human Capital Investment in the Military?," Working Papers 11-15, Department of Economics, Appalachian State University.
- H5 - Public Economics - - National Government Expenditures and Related Policies
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
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