A Look at Military Veterans’ Earnings, Employment After Active-Duty Service

New research from RAND Corp. finds that after leaving the service, many veterans earn less money than they did while in active duty.

The report, Navigating a Big Transition: Military Service Members’ Earnings and Employment After Active-Duty Service, uses data from more than one million records from the armed forces from 2002 to 2020.

Among the questions the authors address are:

• which military occupations are associated with higher rates of employment and higher earnings after service;
• what individual characteristics of service members are associated with labor market success; and
• how does service members’ income after service compare with their active-duty income?

The authors say their findings emphasize the importance of helping service members build marketable skills and supporting their transitions into the civilian workforce.

The report is available here.

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Here is a selection of past stories with and about military veterans in the insurance industry published by Insurance Journal:

• Greenberg’s View: AIG’s Rise and Near Fall, Spitzer’s Campaign, Financial Crisis
• Trying to Fit In at Work, Veterans Downplay Military Service, Injuries
• P/C Insurance Industry Enlisting Veterans in Talent War
• Mission Accomplished: Post-Military Job with a Purpose
• Interview: Mission Accomplished with Liberty Mutual
• Veteran Gambled and Won in Starting Own Agency
• Interview: North Carolina Veteran Gambled, Won with Own Agency
• Aon’s Warriors Bring Military Values to Managing Global Risks
• Agents Creating At-Home Insurance Jobs for Disabled Veterans
• Why the Insurance Industry Supports and Hires Veterans
• Interview: Brokers, Talent and Career Advice and Charity
• Graduate of Disabled Veterans Insurance Careers Hired to Florida Insurance Agency