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Should They Be Enlisted at Eighteen Years of Age?

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Abstract

An expected-net-national-benefit-maximizing enlistment-age is analytically derived for small countries engaged in external conflicts by considering the effects of the enlistment age on army size, probability of war, military performance, forgone civilian output, remunerations in the case of injury or death, and costs of readjusting to civilian life. The numerical simulations reveal the effects of the model parameters on the expected-net-national-benefit-maximizing enlistment-age. Despite the substantial changes in parameter values, the computed values of the enlistment age are distributed within an advanced phase of life.

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File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012164.pdf
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Bibliographic Info

Paper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp04-04.

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Length: 14 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:uow:depec1:wp04-04

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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
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Keywords: Economics; enlistment-age; risk; cost and benefit; decision rule;

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  1. Altman, Stuart H & Barro, Robert J, 1971. "Officer Supply-The Impact of Pay, the Draft, and the Vietnam War," American Economic Review, American Economic Association, vol. 61(4), pages 649-64, September.
  2. Ross, Thomas W, 1994. "Raising an Army: A Positive Theory of Military Recruitment," Journal of Law and Economics, University of Chicago Press, vol. 37(1), pages 109-31, April.
  3. Fisher, Anthony C, 1969. "The Cost of the Draft and the Cost of Ending the Draft," American Economic Review, American Economic Association, vol. 59(3), pages 239-54, June.
  4. John T. Warner & Beth J. Asch, 2001. "The Record and Prospects of the All-Volunteer Military in the United States," Journal of Economic Perspectives, American Economic Association, vol. 15(2), pages 169-192, Spring.
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