Page 85 - A Soldiers Exposition

While some companies are actively recruiting Veterans, there is no sign of an overwhelming response.

"The extended deployments that began in late 2001 and continue to the present period have not only put
a strain on these individuals during their military service but also appear to be hampering their labor
market outcomes once they return to civilian life," Faberman and Foster wrote in their paper.
They cited the physical and psychological effects of warfare and said: “The training received during a
wartime deployment differs from skills acquired during peacetime deployment”.

"If skills gained from peacetime training are more transferable to the civilian labor market, then those
Veterans who return from wartime service may be at a relative disadvantage when seeking civilian
employment," they said.

The Chicago Fed paper looked at data from 1989-2012. While the economists identified long
deployments overseas as the root cause for the high incidence of unemployment, they said it was hard to
explain why this was the case.

The economists also noted that higher demand for personnel during wartime might cause recruiters to
reduce enlistment standards. Indeed, their analysis found that recent Veterans tended to be younger and
less educated than the general working-age population.

"The fraction of new Veterans with a college degree is just over 14 percent, compared with 21 percent for
the non-Veteran population," they said.

http://news.msn.com/us/war-is-hell-on-Veterans-job-prospects-fed-paper