Non-market Leadership Experience and Labor Market Success: Evidence From Military Rank
Myoung-jae Lee and
Chun Seng Yip ()
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Chun Seng Yip: School of Economics and Social Sciences, Singapore Management University
No 12-2005, Working Papers from Singapore Management University, School of Economics
There has been much recent interest in the effects of pre and non-market skills on future labor market outcomes. This paper examines one such effect: the effect on future wages of military leadership experience among "Vietnam generation" American men. We study rank, not just veteran status. We argue that rank is a good measure of pre-market leadership skills because of the clear military hierarchy and the primarily youth experience of Vietnam service. Two sources of selection bias are accounted for: non-random military entry and eventual rank attained. We apply a modified 2-stage parametric sample selection method. The rank premia on future wages are estimated using the parametric selection corrections and a propensity score matching with two indices. We find evidence of a leadership premium, but not a veterans'premium. It is the rank that matters. If one joins the military believing that military service commands a future wage premium, he had better become an NCO or an officer.
JEL-codes: J24 J10 (search for similar items in EconPapers)
Pages: 43 pages
New Economics Papers: this item is included in nep-lab and nep-sea
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Published in SMU Economics and Statistics Working Paper Series
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