Do Veterans Face Disparities in the Labor Market—And What Accounts for Them?

Rajashri Chakrabarti, Dan Garcia and Maxim Pinkovskiy

No 20230525b, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: We continue our series on military service and consider veterans’ earnings and labor market outcomes. We find that veterans earn more than 12 percent less and are 4 percentage points (18 percent) more likely to be out of the labor force than comparable nonveterans. Interestingly, accounting for veterans’ differences from comparable nonveterans in terms of education and disability status largely explains these labor market differences.

Keywords: veterans; labor; employment; unemployment; labor force participation; earnings; inequality (search for similar items in EconPapers)
JEL-codes: D63 E24 J1 (search for similar items in EconPapers)
Date: 2023-05-25
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