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The Relative Earnings of Vietnam and Korean-Era Veterans

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  • Saul Schwartz

Abstract

Using Current Population Survey data for 1967 and 1979, this paper compares the earnings of Vietnam veterans to those of Korean veterans (in both cases, relative to nonveterans) at similar points in their work lives—twelve to sixteen years after their discharge. In both 1967 and 1979, the unadjusted average annual earnings of veterans and nonveterans were similar. But an analysis that controls for such factors as education, age, race, and marital status shows that Vietnam veterans were worse off than their nonveteran contemporaries in that their rate of return per year of education was much lower. By contrast, Korean veterans were economically indistinguishable from nonveterans.

Suggested Citation

  • Saul Schwartz, 1986. "The Relative Earnings of Vietnam and Korean-Era Veterans," ILR Review, Cornell University, ILR School, vol. 39(4), pages 564-572, July.
    • Handle: RePEc:sae:ilrrev:v:39:y:1986:i:4:p:564-572
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    Cited by:

    1. Barry T. Hirsch & Stephen L. Mehay, 2003. "Evaluating the Labor Market Performance of Veterans Using a Matched Comparison Group Design," Journal of Human Resources, University of Wisconsin Press, vol. 38(3).
    2. Lauren L. Schmitz & Dalton Conley, 2016. "The Effect of Vietnam-Era Conscription and Genetic Potential for Educational Attainment on Schooling Outcomes," NBER Working Papers 22393, National Bureau of Economic Research, Inc.
    3. Stranahan, Harriet, 1998. "The effect of military participation on women's wages with double correction for selectivity bias," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(2), pages 239-249.
    4. Jennifer L. Steele & Peter Buryk & Geoffrey McGovern, 2018. "Student Veterans’ Outcomes by Higher Education Sector: Evidence from Three Cohorts of the Baccalaureate and Beyond," Research in Higher Education, Springer;Association for Institutional Research, vol. 59(7), pages 866-896, November.
    5. Amy Kate Bailey & Bryan L. Sykes, 2018. "Veteran Status, Income, and Intergenerational Mobility Across Three Cohorts of American Men," Population Research and Policy Review, Springer;Southern Demographic Association (SDA), vol. 37(4), pages 539-568, August.

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