“The evidence appears to be that there really is not an advantage,” Bernanke told a crowd at a Brookings Institution event in Washington. “If you go into the military at age 18 — versus an identical person who stays in the private sector and takes a private sector job — 10 years later, if you leave the military, your skills and wages are probably not going to be quite as high on average as a private sector person.”
Bob Hale says the tortoise is winning:
The tortoise represents a persistent Obama Administration that has pushed for changes that can become law, freeing up billions a year to improve military capabilities. The tortoise also represents a Congress that, while sometimes reluctant, has approved many of the Obama Administration changes and, in a few cases, has gone beyond them.
Yesterday, the American Enterprise Institute (AEI) hosted a forum to discuss the letter issued by a consortium of think tanks encouraging defense reform. Many speakers mentioned the need for data. It is time for Defense to have a Chief Data Officer and Chief Economist. In addition, DoD needs to remove many of the IT bottlenecks that prevent information gathering and sharing.
From an article in this week's Air Force Times:
Estimates suggest that a 1 percent change in prices will result in a greater than 1 percent change in the amount of products sold by stores, the researchers said.
"If these findings hold true for a change in the price of goods sold at commissaries, then an increase in prices will decrease revenues," the report stated.
Sounds like elasticity to me.
Using 35 years of CPS data, the authors find that increases in VA Disability Compensation contributed to a decline in veterans' labor force participation.