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The effect of veterans' benefits on education and earnings

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Author Info
Joshua D. Angrist

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Abstract

Veterans benefits that subsidize education and training constitute the largest federal program for student aid. Using data from the 1987 Survey of Veterans, the author presents estimates of the effect of veterans benefits on schooling completed since entering the military and on subsequent earnings. Veterans benefits are estimated to increase schooling by roughly 1.4 years, which implies annual earnings approximately 6% higher than would have been expected in the absence of the benefits. This premium appears to accrue primarily to the 77% of benefit users who attended college or graduate school. (Abstract courtesy JSTOR.)

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Publisher Info
Article provided by ILR Review, ILR School, Cornell University in its journal ILR Review.

Volume (Year): 46 (1993)
Issue (Month): 4 (July)
Pages: 637-652
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Handle: RePEc:ilr:articl:v:46:y:1993:i:4:p:637-652

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  1. Waddell, Glen R. & Singell, Jr., Larry D., 2009. "Do No-Loan Policies Change the Matriculation Patterns of Low-Income Students?," IZA Discussion Papers 4362, Institute for the Study of Labor (IZA). [Downloadable!]
  2. Jacob L. Vigdor, 2004. "Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage," NBER Working Papers 10611, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  3. Susan M. Dynarski, 2003. "Does Aid Matter? Measuring the Effect of Student Aid on College Attendance and Completion," American Economic Review, American Economic Association, vol. 93(1), pages 279-288, March. [Downloadable!]
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  4. Bruce Chapman & Thomas F. Crossley & Taejong Kim, 2003. "Credit Constraints And Training After Job Loss," CEPR Discussion Papers 466, Centre for Economic Policy Research, Research School of Social Sciences, Australian National University. [Downloadable!]
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  5. Joshua D. Angrist & Stacey H. Chen & Brigham R. Frandsen, 2009. "Did Vietnam Veterans Get Sicker in the 1990s? The Complicated Effects of Military Service on Self-Reported Health," NBER Working Papers 14781, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Chaudhuri, Saraswata & Rose, Elaina, 2009. "Estimating the Veteran Effect with Endogenous Schooling When Instruments Are Potentially Weak," IZA Discussion Papers 4203, Institute for the Study of Labor (IZA). [Downloadable!]
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  7. Susan Dynarski, 2002. "The Behavioral and Distributional Implications of Aid for College," American Economic Review, American Economic Association, vol. 92(2), pages 279-285, May. [Downloadable!]
  8. Cockx, Bart & Ridder, Geert, 1996. "Social employment of welfare recipients in Belgium: an evaluation," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1996018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
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  9. David Deming & Susan Dynarski, 2009. "Into College, Out of Poverty? Policies to Increase the Postsecondary Attainment of the Poor," NBER Working Papers 15387, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  10. Susan Dynarski, 2005. "Building the Stock of College-Educated Labor," NBER Working Papers 11604, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  11. J. D. Angrist, . "The "misnorming" of the U.S. military entrance examination and its effect on minority enlistments," Institute for Research on Poverty Discussion Papers 1017-93, University of Wisconsin Institute for Research on Poverty. [Downloadable!]
  12. Larry D. Singell & Joe A. Stone, 2003. "For Whom the Pell Tolls: Market Power, Tuition Discrimination, and the Bennett Hypothesis," University of Oregon Economics Department Working Papers 2003-12, University of Oregon Economics Department. [Downloadable!]
  13. Susan Dynarski, 2000. "Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance," NBER Working Papers 7756, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  14. Joshua D. Angrist & Stacey H. Chen, 2007. "Long-term consequences of vietnam-era conscription: schooling, experience, and earnings," NBER Working Papers 13411, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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