Over 2.5 million Americans served in the wars in Afghanistan and Iraq. In this short article, we consider the impact of these experiences on their future welfare. Specifically, we ask if those who served in Afghanistan and Iraq are more or less likely to exploit their GI Bill benefits in order to pursue higher education than service members who did not directly participate in these conflicts. We exploit a comprehensive administrative dataset that the US Armed Forces' Defense Manpower Data Center (DMDC) provided to us. We find across models that deployment to Afghanistan or Iraq significantly increases the likelihood that veterans will take advantage of their educational benefits, but that exposure to violent combat significantly decreases it.
The ideal water contract for a heterogeneous population of users is a prioritized right that is fully vested and fully tradable. A set of tradable, prioritized rights contracts will span the same space as the Debreu contingent commodities. Therefore, they lead to a competitive equilibrium that is Pareto optimal. Equal sharing of water shortfalls does not have this property_ Existing water policies in Israel and the Disputed Territories are not characterized by an efficient set of water contracts. The system misallocates water over both time a.nd space.Current policies are driven by strategic and ideological objectives. With peace, reform of water policies will become politically feasible. The paper concludes with a proposal for a new water-allocation system.
In this article, we develop a model of military manpower mobilization. We use the model to evaluate the efficacy of volunteer‐ and conscription‐based manpower systems within a framework of social welfare maximization. We find that neither conscription nor a volunteer approach is likely to be “first best” because of asymmetries of information and constraints on the military pay structure. We then modify the general model by considering the possibility that recruits with high civilian productivity are also more capable soldiers and find that, under such circumstances, conscription may be a more benign form of manpower mobilization than previously understood. We also consider and evaluate various alternatives available to militaries attempting to minimize the welfare losses associated with manpower mobilization.
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