Career Earnings And Retention Of U.S. Military Physicians
Military physicians consider potential career earnings when making their stay/leave decisions. Moreover, they consider the effects of differences between military and civilian compensation at three distinct decision periods in the military career: the first year of unobligated service, the years after that point but before military retirement eligibility, and the year of retirement eligibility. We find that military retention is highly sensitive to compensation differences at the first decision and substantially less sensitive after that. We also account for endogeneity of military physician pay and retention with an instrumental variable technique, without which, estimates substantially underestimate the wage effect.
Volume (Year): 23 (2012)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://www.tandfonline.com/GDPE20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/GDPE20|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Warner, John T & Goldberg, Matthew S, 1984. "The Influence of Non-Pecuniary Factors on Labor Supply: The Case of Navy Enlisted Personnel," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 26-35, February.
- Richard Blundell & Thomas MaCurdy, 1998.
"Labour supply: a review of alternative approaches,"
IFS Working Papers
W98/18, Institute for Fiscal Studies.
- Alfonso Miranda & Sophia Rabe-Hesketh, 2006. "Maximum likelihood estimation of endogenous switching and sample selection models for binary, ordinal, and count variables," Stata Journal, StataCorp LP, vol. 6(3), pages 285-308, September.
- Glenn A. Gotz & John J. McCall, 1983. "Sequential Analysis of the Stay/Leave Decision: U.S. Air Force Officers," Management Science, INFORMS, vol. 29(3), pages 335-351, March.
- Saul Pleeter & John T. Warner, 2001. "The Personal Discount Rate: Evidence from Military Downsizing Programs," American Economic Review, American Economic Association, vol. 91(1), pages 33-53, March.
- Warner, John T., 1995. "The economics of military manpower," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 1, chapter 13, pages 347-398 Elsevier.
- Daula, Thomas & Moffitt, Robert, 1995. "Estimating Dynamic Models of Quit Behavior: The Case of Military Reenlistment," Journal of Labor Economics, University of Chicago Press, vol. 13(3), pages 499-523, July.
When requesting a correction, please mention this item's handle: RePEc:taf:defpea:v:23:y:2012:i:1:p:51-76. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.