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Non-market Leadership Experience and Labor Market Success: Evidence From Military Rank

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Author Info
Myoung-Jae Lee () (School of Economics and Social Sciences, Singapore Management University)
Yip Chun Seng () (School of Economics and Social Sciences, Singapore Management University)
Abstract

There has been much recent interest in the effects of pre and non-market skills on future labor market outcomes. This paper examines one such effect: the effect on future wages of military leadership experience among "Vietnam generation" American men. We study rank, not just veteran status. We argue that rank is a good measure of pre-market leadership skills because of the clear military hierarchy and the primarily youth experience of Vietnam service. Two sources of selection bias are accounted for: non-random military entry and eventual rank attained. We apply a modified 2-stage parametric sample selection method. The rank premia on future wages are estimated using the parametric selection corrections and a propensity score matching with two indices. We find evidence of a leadership premium, but not a veterans'premium. It is the rank that matters. If one joins the military believing that military service commands a future wage premium, he had better become an NCO or an officer.

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Paper provided by Singapore Management University, School of Economics in its series Working Papers with number 12-2005.

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Length: 43 pages
Date of creation: May 2005
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Publication status: Published in SMU Economics and Statistics Working Paper Series
Handle: RePEc:siu:wpaper:12-2005

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Find related papers by JEL classification:
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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