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Author: Michael G. Mattock Publisher: Rand Corporation ISBN: 0833041584 Category : Business & Economics Languages : en Pages : 91
Book Description
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.
Author: Michael G. Mattock Publisher: Rand Corporation ISBN: 0833041584 Category : Business & Economics Languages : en Pages : 91
Book Description
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.
Author: Glenn A. Gotz Publisher: Rand Corporation ISBN: 9780833005724 Category : United States Languages : en Pages : 86
Book Description
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).
Author: National Academies of Sciences, Engineering, and Medicine Publisher: National Academies Press ISBN: 0309678684 Category : Business & Economics Languages : en Pages : 289
Book Description
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.
Author: Cindy Williams Publisher: MIT Press ISBN: 9780262265126 Category : Political Science Languages : en Pages : 380
Book Description
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.
Author: Curtis L Gilroy Publisher: Routledge ISBN: 0429689365 Category : Political Science Languages : en Pages : 432
Book Description
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.
Author: Bent Jesper Christensen Publisher: Princeton University Press ISBN: 1400833108 Category : Business & Economics Languages : en Pages : 488
Book Description
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
Author: Albert A. Robbert Publisher: ISBN: 9781977408600 Category : Business & Economics Languages : en Pages : 0
Book Description
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.
Author: Michael G. Mattock
Author: Michael G. Mattock
Author: Glenn A. Gotz
Author: National Academies of Sciences, Engineering, and Medicine
Author: Cindy Williams
Author: United States. Department of Defense
Author: Curtis L Gilroy
Author: Bent Jesper Christensen
Author: Orley Ashenfelter
Author: Michele Belloni
Author: Albert A. Robbert