A Human Capital Approach to the Burden of the Military Draft

Charles B. Knapp

Journal of Human Resources, 1973, vol. 8, issue 4, 485-496

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.

Date: 1973
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:8:y:1973:i:4:p:485-496

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