Search Results
Journal Article
The Post-9/11 GI Bill
In 2008, Congress passed and President George W. Bush signed the largest expansion of federal education aid to veterans since the original GI Bill at the end of World War II. Under the Post-9/11 Veterans' Educational Assistance Act of 2008, commonly known as the Post-9/11 GI Bill, service members who served at least 90 days on active duty after Sept. 10, 2001, or their dependents, are entitled to up to 36 months of educational assistance to pursue higher education. Depending on the program, they can receive education or job training tuition, books, and fees, as well as a monthly housing ...
Speech
Housing and the economic recovery
Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.
Journal Article
The Post-9/11 GI Bill
Fewer veterans are using their education benefits. Is this trend a problem — or a sign of a more welcoming job market?
The Earnings Premium for U.S. Veterans
An analysis of 2019 data suggests that female veterans and male veterans have earnings premiums of 5.9% and 4.1%, respectively, relative to their nonveteran peers.
Discussion Paper
Do Veterans Face Disparities in the Labor Market—And What Accounts for Them?
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.
Journal Article
Returning vets face challenges
Soldiers returning from Iraq and Afghanistan sometimes struggle to find appropriate services as they readjust to civilian life. The most useful assistance often comes from those who have had wartime experiences themselves.
Discussion Paper
Do Veterans Face Disparities in Higher Education, Health, and Housing?
Veterans are an understudied group that forms an important part of the fabric of American society and that constitutes a significant segment of the population. In the first post of this two-part series, we will investigate how the outcomes of veteran men–in educational attainment, health, and housing–differ from those of comparable men who did not serve in the military. Looking only at men, for reasons described below, we find that relative to nonveteran men with a high school degree and a similar distribution of demographic and geographic characteristics, veterans are 7 percentage points ...
Journal Article
Unemployment among recent veterans during the Great Recession
The authors find that prolonged deployments overseas account for much of the difference in unemployment rates between recent veterans and nonveterans during the Great Recession.
Working Paper
Army of Mortgagors: Long-Run Evidence on Credit Externalities and the Housing Market
Houses are the most important asset on American households’ balance sheets, rendering the U.S. economy sensitive to house prices. There is a consensus that credit conditions affect house prices, but to what extent remains controversial, as an expansion in credit supply often coincides with changes in house price expectations. To address this longstanding question, we rely on novel microdata on the universe of mortgages guaranteed under the Veterans Administration (VA) loan program. We use the expansion of eligibility of veterans for the VA loan program following the Gulf War to estimate a ...
Discussion Paper
Veterans in the Labor Market: 2024 Update
Veterans constitute a significant segment of the male labor force, and understanding labor market disparities between veterans and non‑veterans is an important component of studying disparities in the economy as a whole. In a previous Liberty Street Economics post, we have shown that even relative to a group of comparable non-veterans, veterans have lower employment and labor force participation rates. One year later, we see that veterans continue to experience lower labor market attachment and the employment gap has widened, though the earnings gap has closed.