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Going to War and Going to College : Did World War II and the G.I. Bill Increase Educational Attainment for Returning Veterans?

Bound, John - 1999

The end of World War II brought a flood of returning veterans to America's colleges and universities. Yet, despite … evidence about the question of whether military service, combined with the availability of post-war educational benefits, led … structure of the draft during the World War II period and the changing manpower requirements in the armed forces to address the …

Persistent link: https://www.econbiz.de/10012471331

A Minimalist Model for the Ruble During the Russian Invasion of Ukraine

Lorenzoni, Guido; Werning, Iván - National Bureau of Economic Research - 2022

This note isolates an overlooked economic force for the Ruble to appreciate in response to international sanctions limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish, then foreign goods becomes less attractive, increasing...

Persistent link: https://www.econbiz.de/10013191024

On Wars, Sanctions and Sovereign Default

Bianchi, Javier; Sosa Padilla, César - National Bureau of Economic Research - 2022

This paper explores the role of restrictions on the use of international reserves as economic sanctions. We develop a simple model of the strategic game between a sanctioning (creditor) country and a sanctioned (debtor) country. We show how the sanctioning country should impose restrictions...

Persistent link: https://www.econbiz.de/10013191083

Sanctions and the Exchange Rate

Itskhoki, Oleg; Mukhin, Dmitry - National Bureau of Economic Research - 2022

We show that the exchange rate may appreciate or depreciate depending on the specific mix of sanctions imposed, even if the underlying equilibrium allocation is the same. Sanctions that limit a country's imports tend to appreciate the country's exchange rate, while sanctions that limit exports...

Persistent link: https://www.econbiz.de/10013191103

Stock Volatility and the War Puzzle

Cortes, Gustavo Silva; Vossmeyer, Angela; Weidenmier, … - National Bureau of Economic Research - 2022

and II, which would seemingly increase uncertainty. In a seminal paper, Schwert (1989) identified the "war puzzle" as one …

Persistent link: https://www.econbiz.de/10013172137

Demand Shocks, Procurement Policies, and the Nature of Medical Innovation : Evidence from Wartime Prosthetic Device Patents

Clemens, Jeffrey - 2020

our analysis of these new data, we find that the relatively stingy, fixed-price contracts of the Civil War era led … inventors to focus broadly on reducing costs, while the less cost-conscious procurement contracts of World War I did not. We …' preferences across wars. Finally, we find that the Civil War and World War I procurement shocks led to substantial increases in …

Persistent link: https://www.econbiz.de/10012479203

The Intergenerational Effects of a Large Wealth Shock : White Southerners After the Civil War

Ager, Philipp - 2019

The nullification of slave wealth after the U.S. Civil War (1861-65) was one of the largest episodes of wealth … wealth by 1870, relative to households that had been equally wealthy before the war. Yet, the sons of former slaveholders …

Persistent link: https://www.econbiz.de/10012479651

Trade Wars, Currency Wars

Auray, Stéphane - 2020

For most of the post WWII period, until recently, trade protectionism followed a downward trend, and was formulated in multilateral or bilateral agreements between countries. Recently however, there hasbeen a sharp shift towards unilateral, discretionary trade policy focused on short term...

Persistent link: https://www.econbiz.de/10012481315

Debt and Taxes in Eight U.S. Wars and Two Insurrections

Hall, George J. - 2020

From decompositions of U.S. federal fiscal accounts from 1790 to 1988, we describe differences and patterns in how expenditure surges were financed during 8 wars between 1812 and 1975. We also study two insurrections. We use two benchmark theories of optimal taxation and borrowing to frame a...

Persistent link: https://www.econbiz.de/10012481698

Post-9/11 War Deployments Increased Crime among Veterans

Cesur, Resul - 2020

Several high-profile news stories have linked post-September 11 (9/11) combat service to violent crime among veterans. Nevertheless, there is scant causal evidence for this claim. We exploit the administrative procedures by which U.S. Armed Forces senior commanders conditionally randomly assign...

Persistent link: https://www.econbiz.de/10012481861