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Defence Spending and Unemployment in the USA: Disaggregated Analysis by Gender and Age Groups

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  • Kollias Christos
  • Tzeremes Panayiotis

    (Laboratory of Economic Policy and Strategic Planning, Department of Economics, University of Thessaly, Volos, Greece)

  • Paleologou Suzanna-Maria

    (Department of Economics, Aristotle University of Thessaloniki, Thessaloniki, Greece)

Abstract

The paper examines the effects of military spending using disaggregated unemployment statistics by gender and age group for the period 1948–2017 in the case of the USA. Findings from quantile regression analysis do not seem to point to any robust evidence supporting the thesis that defence spending quashes unemployment levels. This finding appears to be the case across all groups of unemployed persons. In fact, the results suggest a negative effect on unemployment.

Suggested Citation

  • Kollias Christos & Tzeremes Panayiotis & Paleologou Suzanna-Maria, 2020. "Defence Spending and Unemployment in the USA: Disaggregated Analysis by Gender and Age Groups," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 26(2), pages 1-13, May.
    • Handle: RePEc:bpj:pepspp:v:26:y:2020:i:2:p:13:n:1
    DOI: 10.1515/peps-2018-0052
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    References listed on IDEAS

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    More about this item

    Keywords

    defence spending; unemployment; quantile regression;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War

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