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Angrist, Joshua D. 1990. “Lifetime Earnings and the Vietnam Era Draft Lottery: Evidence from Social Security Administrative Records.” American Economic Review, 80(3): 313–36. **
Lifetime Earnings and the Vietnam Era Draft Lottery:
Evidence from Social Security
Administrative Records
By JOSHUA D. ANGRIST*
The randomly assigned risk of induction generated by the draft lottery is used to
construct estimates of the effect of veteran status on civilian earnings. These
estimates are not biased by the fact that certain types of men are more likely than
others to service in the military. Social Security administrative records indicate
that in the early 1980s, long after their service in Vietnam was ended, the
earnings of white veterans were approximately 15 percent less than the earnings
of comparable nonveterans. (JEL 824)
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