Lee, Cheng-Te; Huang, Yo-Yi - In: Journal of Economics and Management 4 (2008) 1, pp. 1-24
variation in defense resources and fluctuations in the labor market. Using an intertemporal optimization dynamic model, this … paper explores the impacts of foreign military threats on the civilian consumption sector and on labor allocation. We show … that an increase in foreign military threats could lead to a migration of labor from the civilian sector to the defense …