Download

Download eBook for Free

FormatFile SizeNotes
PDF file 2.5 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback73 pages $25.00 $20.00 20% Web Discount

In this study, the authors develop forecasts of the civilian wage structure over the next two decades for a variety of different scenarios. They focus on how the wage structure will change as the demographic trend reverses itself, i.e., as the smaller post-baby-boom birth cohorts enter the labor market in the 1980s and 1990s. Section II of the report describes the survey data used to create a working file for the analysis. Based on this file, the authors paint a broad overview of how cohort size and relative wages have changed over the 1967-1980 period. Section III discusses the wage model used and highlights the main empirical results. The assumptions and approach used to forecast wages are detailed in Sec. IV. Section V extends the wage model to investigate two alternative explanations for the observed decline in youth wages. The last section concludes with a summary of the main findings and their implications for military compensation policy.

Research conducted by

This report is part of the RAND Corporation report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.