This study found that veterans’ benefits which subsidize education make up the largest federal program for student aid, and that veterans’ benefits are estimated to increase future schooling by 1.4 years, meaning annual earnings for these veterans will be 6% higher than they would have been otherwise. In practice, that implies annual earnings approximately 6% higher than would have been expected in the absence of the benefits. In policy, policymakers should note that this study found smaller effects on earnings and education than previous studies have found. Suggestions for future study include comparing the annual earnings premium for veterans’ benefit users with the earnings loss associated with serving in the armed forces, as well as exploring the effects of veterans’ benefits on later cohorts of veterans’ educational attainment and annual earnings.
Angrist, J. (1993). The effect of veterans benefits on education and earnings. Industrial and Labor Relations Review, 46(4), 637-652. https://doi.org/10.2307/2524309
Adult and Continuing Education | Benefits and Compensation | Education | Educational Sociology | Military and Veterans Studies | Public Affairs, Public Policy and Public Administration | Social and Behavioral Sciences
Benefits, Veterans, G.I. Bill, Veterans, Education, Research brief
Military pensions; Education
Institute for Veterans and Military Families at Syracuse University
Institute for Veterans and Military Families at Syracuse University, "Research Brief: "The Effect of Veterans Benefits on Education and Earnings"" (2012). Institute for Veterans and Military Families. 258.
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