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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)