Can A Draft Induce More Human Capital Investment in the Military?

Tim Perri

No 11-15, Working Papers from Department of Economics, Appalachian State University

Abstract: We consider the possibility a draft increases the likelihood individuals will invest in human capital in the military. This possibility exists because those drafted have less time to reap the return from human capital investment. A draft is more likely to increase human capital investment in the military the larger the civilian return to human capital investment, the shorter the additional time one must spend in the military if one invests while enlisted, and the larger the cost to an individual of obtaining a deferment. Key Words: Conscription, volunteer military, and human capital

JEL-codes: H56 J24 J45 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-hrm and nep-lab
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Journal Article: Can a draft induce more human capital investment in the military? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:apl:wpaper:11-15

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