Jump to ContentJump to Main Navigation
Show Summary Details
More options …

Journal of Benefit-Cost Analysis

More options …

The Economic Cost of Conscription and an Upper Bound on the Value of a Statistical Life: Hedonic Estimates from Two Margins of Response to the Vietnam Draft

Chris Rohlfs
Published Online: 2012-08-23 | DOI: https://doi.org/10.1515/2152-2812.1107

Abstract

This study estimates the cost of the Vietnam draft by applying hedonic methods to the decision to attend college and the decision to voluntarily enlist. In 2009 dollars, the estimated cost of the draft is roughly $115,000 for the marginal military recruit. For the marginal college student, the estimated cost is only $30,000 and probably understates the true amount because men were credit-constrained and college required an upfront cost. Supposing that the costs other than fatality risk were positive, our preferred specifications produce an upper bound on the Value of a Statistical Life ranging from $7 million to $12 million.

Keywords: conscription; draft; hedonic; Vietnam; value of a statistic life; deferrment; enlistment; military

About the article

Published Online: 2012-08-23


Citation Information: Journal of Benefit-Cost Analysis, Volume 3, Issue 3, ISSN (Online) 2152-2812, DOI: https://doi.org/10.1515/2152-2812.1107.

Export Citation

©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

Citing Articles

Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.

[1]
Chris Rohlfs, Ryan Sullivan, and Thomas J. Kniesner
Journal of Risk and Uncertainty, 2016, Volume 52, Number 2, Page 163
[2]
Michael D. Eriksen, Thomas J. Kniesner, Chris Rohlfs, and Ryan Sullivan
Regional Science and Urban Economics, 2016, Volume 57, Page 54
[3]
Chris Rohlfs, Ryan Sullivan, and Thomas Kniesner
American Economic Journal: Economic Policy, 2015, Volume 7, Number 1, Page 331

Comments (0)

Please log in or register to comment.
Log in