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2 posts on "veterans"
May 22, 2024

Veterans in the Labor Market: 2024 Update

Rajashri Chakrabarti, Dan Garcia, and Maxim Pinkovskiy

Photo: people in army fatigues lined up single file looking at their backs with the hands clasped behind them.

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.

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Posted at 9:30 am in Labor Market | Permalink | Comments (2)
May 25, 2023

Do Veterans Face Disparities in the Labor Market—And What Accounts for Them?

Rajashri Chakrabarti, Dan Garcia, and Maxim Pinkovskiy

Illustration of veteran reading the jobs listings in a newspaper.

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.

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Posted at 11:02 am in Equitable Growth, Inequality, Labor Market, Unemployment | Permalink

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