Download or read book The Military Pension Compensation and Retirement of U S Air Force Pilots written by John A. Ausink and published by . This book was released on 1993 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the option value model of Stock and Wise to analyze the departure patterns of a sample of pilots in the United States Air Force. Pilot compensation and the military pension are described, as are some details of the option value model and two other models: the Annualized Cost of Leaving (ACOL) model, which is used by the Department of Defense, and a variant of a dynamic programming model proposed by Daula and Moffitt. The option value model captures departure behavior much better than the ACOL model, and substantially better than the dynamic programming model. The superiority of the option value model to the dynamic programming formulation raises the possibility that individual decision-making may not always be best modeled by a formulation that is intended to capture 'correct' economic financial calculations. This is consistent with findings by Lumsdaine, Stock and Wise for civilians in a Fortune 500 firm.
Download or read book Personnel Services written by United States. Department of the Air Force and published by . This book was released on 1959 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report of the President s Commission on Military Compensation written by United States. President's Commission on Military Compensation and published by . This book was released on 1978 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Personnel Retention Handbook for Air Force Supervisors written by United States. Air Force and published by . This book was released on 1958 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Overview of the Military Retirement System written by United States. Congress. House. Committee on Armed Services. Military Personnel and Compensation Subcommittee and published by . This book was released on 1984 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of the Civilian military Labor Market for Pilots written by Eugene Acker Erb and published by . This book was released on 1971 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Alternative Compensation Plans for Improving Retention of Air Force Pilots written by Marvin M. Smith and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Military Pay Benefits and Retirement written by John V. Lund and published by Nova Publishers. This book was released on 2004 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recruiting and career retention remain valid and important concerns of the US Congress and the Executive Branch in a world where the US has become involved in many military engagements in recent years with more apparently on the horizon. This book deals with the questions of pay levels, health care, retirement benefits and other aspects of the military experience. These issues take on even more significance with a military which has been downsized in numbers and upsized in electronic technology. Contents: Preface, Military Pay and Benefits; Military Health Care; Military Medical Care Services; Veterans' Pensions: Fact Sheet; Military Retirement: Major Legislative Issues; Military Technicians: The Issue of Mandatory Retirement for Non-Dual-Status Technicians. Subject Index.
Download or read book Air Force Manual written by United States. Department of the Air Force and published by . This book was released on 1957 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Retaining U S Air Force Pilots when the Civilian Demand for Pilots is Growing written by Michael G. Mattock and published by Rand Corporation. This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increases in major airline hiring could cause Air Force pilot shortfalls. The authors analyzed supply, compensation, and demand to estimate changes in civilian pilot pay and hiring and the level of aviator retention pay needed as a countermeasure.
Download or read book A Sequential Analysis of the Air Force Officer s Retirement Decision written by Glenn A. Gotz and published by . This book was released on 1979 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stochastic dynamic programming model that explicitly examines the incentives to retire from the military is developed and numerically evaluated. The dynamic program includes the most significant institutional factors affecting an Air Force Office's retirement decision; actual data on promotion probabilities, officer's pay and allowances, and retirement pay are embedded in the model. The note is a progress report; research generalizing the model presented in this note will be presented in a future report. (Author).
Download or read book Advances in the Economics of Aging written by David A. Wise and published by University of Chicago Press. This book was released on 2007-12-01 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents innovative research on issues of importance to the well-being of older persons: labor market behavior, health care, housing and living arrangements, and saving and wealth. Specific topics include the effect of labor market rigidities on the employment of older workers; the effect on retirement of the availability of continuation coverage benefits; and the influence of the prospective payment system (PPS) on rising Medicare costs. Also considered are the effects of health and wealth on living arrangement decisions; the incentive effects of employer-provided pension plans; the degree of substitution between 401(k) plans and other employer-provided retirement saving arrangements; and the extent to which housing wealth determines how much the elderly save and consume. Two final studies use simulations that describe the implications of stylized economic models of behavior among the elderly. This timely volume will be of interest to anyone concerned with the economics of aging.
Download or read book Assessing Compensation Reform written by Beth J. Asch and published by RAND Corporation. This book was released on 2008 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: Military compensation is a pillar of the all-volunteer force. It is a fundamental policy tool for attracting and retaining personnel, and its structure-and the incentives implied by its structure-can affect U.S. service members' willingness to join, exert effort, demonstrate their leadership potential, remain in the military, and, eventually, exit the military at an appropriate time. Military compensation is a composite of current pay and allowances, special and incentive pays, health benefits, disability benefits, retirement benefits, and other benefits. Its importance to the readiness and morale of the force is such that it is reviewed every four years to determine whether it is adequate to meet the U.S. military's objectives. To inform the 10th Quadrennial Review of Military Compensation, this monograph presents an in-depth examination of the mix and structure of the U.S. military's current retirement-benefit system and several policy alternatives. The study included the development of a model that was estimated and used to run a series of simulations based on active-duty and reserve personnel data to track the careers and potential decisionmaking of military personnel across the services. The simulation results were then assessed in terms of their cost-effectiveness and ability to meet the services' expectations for accession, retention, and career mobility.
Download or read book Labor Markets and Firm Benefit Policies in Japan and the United States written by Seiritsu Ogura and published by University of Chicago Press. This book was released on 2007-11-01 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, the fourth to result from a remarkably productive collaboration between the National Bureau of Economic Research and the Japan Center for Economic Research, presents a selection of thirteen high-caliber papers addressing issues in the employment practices, labor markets, and health, benefit, and pension policies of the United States and Japan. After an opening chapter assessing the recent ascendance of the U.S. economy, papers diverge to tackle a range of specific issues. Focusing less on international comparison than on the assembly of high-quality research, contributors hone in on a variety of individual topics. Chapters delve into issues of youth employment, participatory employment, information sharing, fringe benefits, and drug coverage in Japan, as well as the dynamics of medical savings accounts, private insurance coverage, and benefit options in the U.S. Like previous volumes stemming from NBER/JCER collaboration, this book represents a valuable mass of empirical data on some of the most notable employment and benefits issues in each nation, information that will both anchor and provoke scholarly analysis of these topics well into the future.
Download or read book Assessing Knowledge of Retirement Behavior written by Panel on Retirement Income Modeling and published by National Academies Press. This book was released on 1996-08-13 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together in one volume what researchers have learned about workers, employers, and retirees that is important for formulating retirement income policies. As the U.S. population ages, there is increasing uncertainty about the solvency of the Social Security and Medicare systems and the adequacy of private pensions to provide for people's retirement needs. The volume covers such critical behaviors as workers' decisions to retire, people's choices of saving over consumption, and employers' decisions about hiring older workers and providing pension and health care benefits. Also covered are trends in mortality, health status, and health care costs that are key to projecting the likely costs and effects of alternative retirement income security policies and a strategy for combining data and research knowledge into a policy modeling framework.
