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A Human Capital Approach to the Burden of the Military Draft

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  • Charles B. Knapp

Abstract

This article estimates the present value of future income differences attributable to induction for draftees with various military and educational experiences. Using these estimates, a comparison is made of the conscription tax under alternative draft schemes. The results show that: (1) certain types of draftees gain in future income because of induction, and (2) a random draft of 18-year-olds not only minimizes the human capital burden of conscription but would result in an aggregate pecuniary gain for inductees.

Suggested Citation

  • Charles B. Knapp, 1973. "A Human Capital Approach to the Burden of the Military Draft," Journal of Human Resources, University of Wisconsin Press, vol. 8(4), pages 485-496.
    • Handle: RePEc:uwp:jhriss:v:8:y:1973:i:4:p:485-496
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    File URL: http://www.jstor.org/stable/144859
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    Cited by:

    1. Panu Poutvaara & Andreas Wagener, 2011. "The Political Economy of Conscription," Chapters, in: Christopher J. Coyne & Rachel L. Mathers (ed.), The Handbook on the Political Economy of War, chapter 9, Edward Elgar Publishing.
    2. Panu Poutvaara & Andreas Wagener, 2007. "Conscription: Economic costs and political allure," Economics of Peace and Security Journal, EPS Publishing, vol. 2(1), pages 6-15, January.

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