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We Want You! The Role of Human Capital in Explaining the Veteran-Non-Veteran Earnings Differential

Introduction

Veterans have frequently been found to earn more than non-veterans in the civilian labor market, even after controlling for social and demographic variables (e.g., Holder, 2007; Hisnanick, 2001; and Prokos and Padavic, 2000). Studies on this topic have generally been categorized into two groups: those that view military service as a bridging environment in which, all else being equal, veterans should do better economically than their non-veteran counterparts, and those that view military service and training as factors that contribute to the stock of human capital for veterans.