Download or read book The Dynamic Retention Model for Air Force Officers written by Michael G. Mattock and published by Rand Corporation. This book was released on 2007 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Air Force (USAF) needs accurate models to develop retention policies that ensure the force has a sufficient number of experienced officers to meet current and future requirements. The dynamic retention model (DRM) can be used to take into account the effect of the availability of multi-year contracts to certain classes of Air Force officers. Unlike the annualized cost of leaving (ACOL) model long used by researchers working on USAF personnel issues, the DRM takes into account the value an officer may place on future career flexibility in the face of uncertainty, and thus is particularly well suited to examining the effect of bonus programs that have service commitments, such as the Aviator Continuation Pay (ACP) program, which pays an annual bonus to pilots and certain groups of navigators and air battle managers who commit to extend their service for specified numbers of years or to a specified length of service.
Download or read book A Dynamic Retention Model for Air Force Officers written by Glenn A. Gotz and published by Rand Corporation. This book was released on 1984 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report describes the theory and methodology for estimating the parameters of a dynamic retention model for Air Force officers. The model was designed to estimate voluntary retention rates under a broad range of compensation, retirement, and personnel policies. It is a decisions model of the decisionmaking process of individuals making stay/leave decisions over time in an uncertain environment, which allows it to predict policy changes that have no historical analogues. The report presents the theory and estimated parameters of the model, compares actual retention rates and those predicted by the model, and two competing models, and examines five illustrative changes in compensation policies. (Author).
Download or read book Strengthening U S Air Force Human Capital Management written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2021-03-02 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: The USAir Force human capital management (HCM) system is not easily defined or mapped. It affects virtually every part of the Air Force because workforce policies, procedures, and processes impact all offices and organizations that include Airmen and responsibilities and relationships change regularly. To ensure the readiness of Airmen to fulfill the mission of the Air Force, strategic approaches are developed and issued through guidance and actions of the Office of the Deputy Chief of Staff for Manpower, Personnel and Services and the Office of the Assistant Secretary of the Air Force for Manpower and Reserve Affairs. Strengthening US Air Force Human Capital Management assesses and strengthens the various U.S. Air Force initiatives and programs working to improve person-job match and human capital management in coordinated support of optimal mission capability. This report considers the opportunities and challenges associated with related interests and needs across the USAF HCM system as a whole, and makes recommendations to inform improvements to USAF personnel selection and classification and other critical system components across career trajectories. Strengthening US Air Force Human Capital Management offers the Air Force a strategic approach, across a connected HCM system, to develop 21st century human capital capabilities essential for the success of 21st century Airmen.
Download or read book Filling the Ranks written by Cindy Williams and published by MIT Press. This book was released on 2004-04-02 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: The war in Iraq and the problematic military occupation of that country have called into question the adequacy of America's all-volunteer force. Politicians and others have expressed doubts about its equity and capability; some have called for the reinstatement of the draft. Yet over the past twenty years the all-volunteer military has become a technologically advanced force that has contributed to America's overall military advantage. This book analyzes current military pay and personnel policies and identifies changes needed to maintain and improve America's all-volunteer force. Filling the Ranks argues that to attract qualified and motivated volunteers, the armed forces need to offer better tangible inducements—pay, benefits, and training—to accompany such intangible rewards as pride in serving one's country. Many of the policies related to tangible rewards were established shortly after World War II and are no longer effective. Filling the Ranks presents detailed assessments of US military pay and personnel policies in light of the strategic, demographic, economic, and labor realities of the future. It identifies specific problems that today's military career patterns, training, pay, and benefits pose for officers and enlisted men and women in both active duty and reserve forces, discussing such issues as competition with the private sector for talent, the need to restructure compensation, and provision of family support. It offers recommendations for more flexible, adaptive, and effective policies and a blueprint for achieving them.
Download or read book Quadrennial Review of Military Compensation written by United States. Department of Defense and published by . This book was released on 1984 with total page 1512 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Retention of Enlisted Maintenance Logistics and Munitions Personnel written by Albert A. Robbert and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the past ten years, maintenance career fields in the U.S. Air Force have been negatively affected by a series of events that have resulted in an experience shortage. Although there has been an improvement in Total Force manning since 2015, several skill levels are still experiencing shortages. To bridge the experience shortfall, the U.S. Government Accountability Office called for an Air Force retention strategy tailored to retain experienced maintainers. The RAND Corporation was asked to explore whether individual characteristics, economic and geographic factors, and the new Blended Retirement System (BRS) could provide additional insights into what predicts retention of this workforce. This report focuses primarily on aircraft maintenance career fields, with some attention to munitions and logistics career fields as resources permitted. The authors undertake two analytic approaches to examine the underlying determinants of retention. First, they use logistic regression to determine how strongly a variety of individual and environmental characteristics are associated with decisions to reenlist, extend an enlistment, or separate from the Air Force; second, they use RAND's Dynamic Retention Model to estimate how the new BRS will affect maintenance, munitions, and logistics career fields when those in the new system reach retention decision points. The authors find that changes in individual characteristics and environmental variables have improved retention in the maintenance, munitions, and logistics career fields. Although much of what influences retention is beyond the Air Force's control, the authors offer a number of recommendations and identify areas of emphasis that could be exploited.
Download or read book Army Manpower Economics written by Curtis L Gilroy and published by Routledge. This book was released on 2019-03-05 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Army Research Institute (ARI) and the Office of the Deputy Chief of Staff for Personnel, U.S. Army, sponsored a Conference on Army Manpower Economics in Williamsburg, Virginia, on December 5-7, 1984. With the military's growing interest in economic research and the usefulness of econometric analyses in addressing military manpower issues, it was appropriate to assemble senior Army policy makers, leading academicians, and other researchers to discuss Army manpower research and policy issues. The collection of articles presented in this volume is a direct outgrowth of that conference.
Download or read book Economic Modeling and Inference written by Bent Jesper Christensen and published by Princeton University Press. This book was released on 2021-07-13 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Modeling and Inference takes econometrics to a new level by demonstrating how to combine modern economic theory with the latest statistical inference methods to get the most out of economic data. This graduate-level textbook draws applications from both microeconomics and macroeconomics, paying special attention to financial and labor economics, with an emphasis throughout on what observations can tell us about stochastic dynamic models of rational optimizing behavior and equilibrium. Bent Jesper Christensen and Nicholas Kiefer show how parameters often thought estimable in applications are not identified even in simple dynamic programming models, and they investigate the roles of extensions, including measurement error, imperfect control, and random utility shocks for inference. When all implications of optimization and equilibrium are imposed in the empirical procedures, the resulting estimation problems are often nonstandard, with the estimators exhibiting nonregular asymptotic behavior such as short-ranked covariance, superconsistency, and non-Gaussianity. Christensen and Kiefer explore these properties in detail, covering areas including job search models of the labor market, asset pricing, option pricing, marketing, and retirement planning. Ideal for researchers and practitioners as well as students, Economic Modeling and Inference uses real-world data to illustrate how to derive the best results using a combination of theory and cutting-edge econometric techniques. Covers identification and estimation of dynamic programming models Treats sources of error--measurement error, random utility, and imperfect control Features financial applications including asset pricing, option pricing, and optimal hedging Describes labor applications including job search, equilibrium search, and retirement Illustrates the wide applicability of the approach using micro, macro, and marketing examples
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-12-09 with total page 863 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
Download or read book The Option Value Model in the Retirement Literature The Trade off Between Computational Complexity and Predictive Validity written by Michele Belloni and published by CEPS. This book was released on 2008 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategic Human Resource Planning Applications written by Richard J. Niehaus and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is the proceedings of a symposium entitled, "Strategic Human Resource Planning Applications" which was held at the University of Pennsylvania in Philadelphia on December 4-6, 1985. The meeting was sponsored by the Research Committee of the Human Resource Planning Society. In developing the symposi~m, the Research Committee built upon a study which resulted in a broad research agenda for the Society. The thrust of that research agenda was emphasis on linking the state-of- practice with the state-of-the-art. In the case of the symposium emphasiS was on the presentation of forward looking applications which could help member organizations link current practice with the research frontier. The meeting had sessions on (1) Description of Issues, (2) Human Resource Costs and Strategy, (3) Case Studies of Strategic Planning, (4) Computer Technology and Office Automation, (4) Large Scale Forecasting and Compensation Issues, (5) Models for Policy Analysis, (6) Work Force Optimization, (7) Implementation of Information Processing Activities, (8) Productivity Analysis, and (9) Relationship of Strategy to Practice. Thirty papers were presented with discussion sessions at appropriate points in the m~eting. This volume contains 18 of these papers along with an introductory paper. A short summary is also provided at the beginning of each major subdivision into which the papers are arraigned.
Download or read book Handbook of Defense Economics written by Todd Sandler and published by Elsevier. This book was released on 2007-04-12 with total page 699 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and terrorists) including the spillovers of benefits and costs associated with public goods and transnational externalities (i.e., uncompensated interdependencies affecting two or more nations). These ever-increasing flows mean that military armaments and armies are less able to keep out security threats. Thus, novel defense and security barriers are needed to protect borders that are porous to terrorists, pollutants, political upheavals, and conflicts. Even increased trade and financial flows imply novel security challenges and defenses. Globalization also underscores the importance of a new set of institutions (e.g., the European Union and global governance networks) and agents (e.g., nongovernmental organizations and partnerships).This volume addresses the security challenges in this age of globalization, where conflicts involve novel tactics, new technologies, asymmetric warfare, different venues, and frightening weapons. Volume 2 contains topics not covered in volume 1 – i.e., civil wars, peacekeeping, economic sanctions, the econometrics of arms races, conversion, peace economics, and the interface of trade, peace, and democracy. Volume 2 also revisits topics from volume 1, where there has been a significant advancement of knowledge – i.e., conflict analysis, terrorism, arms races, arms trade, military manpower, and arms industries. All of the main securities concerns of today are analyzed. Chapters are written by the leading contributors in the topic areas.*Up-to-date surveys on the pressing defense issues: theoretical, empirical and policy issues.*Coverage of theoretical and empirical studies of terrorism.*Contributions by the leading researchers in the field of defense economics.
Download or read book Advances in Econometrics Volume 2 written by Christopher A. Sims and published by Cambridge University Press. This book was released on 1996-03-07 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1994 two-volume set of articles reflects the state of research in theoretical and applied econometrics. The topics covered include time series methods, semiparametric methods, seasonality, financial economics, model solution techniques, economic development and labour economics.
Download or read book I Want You written by Bernard D. Rostker and published by Rand Corporation. This book was released on 2006-09-08 with total page 833 pages. Available in PDF, EPUB and Kindle. Book excerpt: As U.S. military forces appear overcommitted and some ponder a possible return to the draft, the timing is ideal for a review of how the American military transformed itself over the past five decades, from a poorly disciplined force of conscripts and draft-motivated "volunteers" to a force of professionals revered throughout the world. Starting in the early 1960s, this account runs through the current war in Iraq, with alternating chapters on the history of the all-volunteer force and the analytic background that supported decisionmaking. The author participated as an analyst and government policymaker in many of the events covered in this book. His insider status and access offer a behind-the-scenes look at decisionmaking within the Pentagon and White House. The book includes a foreword by former Secretary of Defense Melvin R. Laird. The accompanying DVD contains more than 1,700 primary-source documents-government memoranda, Presidential memos and letters, staff papers, and reports-linked directly from citations in the electronic version of the book. This unique technology presents a treasure trove of materials for specialists, researchers, and students of military history, public administration, and government affairs to draw upon.
Download or read book Routledge Handbook of Defence Studies written by David J. Galbreath and published by Routledge. This book was released on 2018-02-12 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Defence Studies provides a comprehensive collection of essays on contemporary defence studies by leading international scholars. Defence studies is a multi-disciplinary study of how agents, predominantly states, prepare for and go to war. Whereas security studies has been broadened and stretched to cover at times the near totality of international and domestic affairs, and war studies has come to mean not just operations and tactics but also experiences and outcomes, defence studies remains a coherent area of study primarily aimed at how defence policy changes over time and in relation to stimulating factors such as alterations in power, strategy and technology. This new Handbook offers a complete landscape of this area of study and contributes to a review of defence studies in terms of policy, security and war, but also looks forward to new challenges to existing conceptions of defence and how this is changing as states and their militaries also change. The volume is divided into four thematic sections: Defence as Policy; Defence Practice; Operations and Tactics; and Contemporary Defence Issues. The ability to review the field while also looking forward to further research is an important element of a sustainable text on defence studies. In as much as this volume is able to highlight the main themes of defence studies, it also offers an in-depth look into how defence issues can be examined and compared in a contemporary setting. This Handbook will be of great interest to students of defence studies, strategic studies, war studies, security studies and IR.
Download or read book Military Enlistment of Hispanic Youth written by Beth J. Asch and published by Rand Corporation. This book was released on 2009 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hispanics." --Book Jacket.
Download or read book The Limits of Inference without Theory written by Kenneth I. Wolpin and published by MIT Press. This book was released on 2013-04-26 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: The role of theory in ex ante policy evaluations and the limits that eschewing theory places on inference In this rigorous and well-crafted work, Kenneth Wolpin examines the role of theory in inferential empirical work in economics and the social sciences in general—that is, any research that uses raw data to go beyond the mere statement of fact or the tabulation of statistics. He considers in particular the limits that eschewing the use of theory places on inference. Wolpin finds that the absence of theory in inferential work that addresses microeconomic issues is pervasive. That theory is unnecessary for inference is exemplified by the expression “let the data speak for themselves.” This approach is often called “reduced form.” A more nuanced view is based on the use of experiments or quasi-experiments to draw inferences. Atheoretical approaches stand in contrast to what is known as the structuralist approach, which requires that a researcher specify an explicit model of economic behavior—that is, a theory. Wolpin offers a rigorous examination of both structuralist and nonstructuralist approaches. He first considers ex ante policy evaluation, highlighting the role of theory in the implementation of parametric and nonparametric estimation strategies. He illustrates these strategies with two examples, a wage tax and a school attendance subsidy, and summarizes the results from applications. He then presents a number of examples that illustrate the limits of inference without theory: the effect of unemployment benefits on unemployment duration; the effect of public welfare on women's labor market and demographic outcomes; the effect of school attainment on earnings; and a famous field experiment in education dealing with class size. Placing each example within the context of the broader literature, he contrasts them to recent work that relies on theory for inference.
