The end of World War II brought a flood of returning veterans to America's colleges and universities. Yet, despite widespread rhetoric about the democratization' of higher education that came with this large pool of students, there is little evidence about the question of whether military...

Previous measures of the incidence of public investment in higher education focus on the transfer to public college students. This implies that the net benefits to students who do not attend public colleges is negative. However, they miss potential general equilibrium effects on the private...