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Contemporary Labor Economics

Contemporary Labor Economics 9th Edition

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Chapter: Problem:

Explain why a voluntary army may be less expensive to society than an army composed of draftees. Which will likely be less expensive to taxpayers

  • Step 1 of 1

    A voluntary army will be composed only of those whose net opportunity cost of enlisting is less than the wage paid.  A conscripted army will likely be composed of those whose opportunity cost is much higher.  Thus, the economic cost of the conscripted army is likely to be higher than that of a volunteer army.  However, the conscripted army will be perceived by taxpayers as less expensive, as the cost is transferred from the taxpayer to the draftees.

Corresponding Textbook

Contemporary Labor Economics 9th edition 9780073375953 0073375950
Contemporary Labor Economics | 9th Edition