Should They Be Enlisted at Eighteen Years of Age?
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.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia|
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- 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.
- 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.
- Tom Ross, 1988.
"Raising An Army: A Positive Theory Of Military Recruitment,"
Carleton Industrial Organization Research Unit (CIORU)
88-08, Carleton University, Department of Economics.
- 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.
- 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.
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