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Tim Perri
''Can a draft induce more human capital investment in the military?''
( 2013, Vol. 33 No.2 )
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 since, with a volunteer military, one need not enlist. 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.
Keywords: Conscription, volunteer military, human capital
JEL: H5 - National Government Expenditures and Related Policies National Government Expenditures and Related Policies: General
J2 - Demand and Supply of Labor: General
Manuscript Received : Oct 05 2012 Manuscript Accepted : Apr 03 2013

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