This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment labor market by examining the behavior of military servicemembers deciding between reenlisting and exiting the military. We find that servicemembers would sacrifice 1.5-2% in...

We study the effects of compulsory military service in Finland on the conscripts' future labour market behaviour. This is measured in three ways: first, the time it takes to complete civil education and the level of education acquired; second, how the conscripts will find employment; and third,...