Do Veterans Face Disparities in the Labor Market—And What Accounts for Them?
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;
JEL Classification: D63; E24; J1;
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Provider: Federal Reserve Bank of New York
Part of Series: Liberty Street Economics
Publication Date: 2023-05-25