Entry into the military is a major turning point in the lives of many young adults; however, little is known about the financial well-being of military families compared to their civilian peers or about the differential effects of aspects of service within the military community. Using representative samples of the United States population and of active-duty military members, this study analyzes 1)…
Author: Lipari, Rachel Noble
Source: University of Maryland
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Contents
CHAPTER I: INTRODUCTION
Overview
Contribution to the Field
Research Strategy
CHAPTER II: LITERATURE REVIEW
The Life Course Perspective
Conceptualizing the Military in the Life Course
The Military – Disparate Demographics within a Unique Culture
Transitioning to Adult Roles in the Military
Family Formation and Military Service
Linked Lives: Spouse Employment and the Military
Greedy Characteristics of Military Service and their Effects on Spouse
Employment
The Underemployment of Military Spouses
Financial Management Among Military Members
The Transition to Adulthood, Financial Well-being and the Life Course
Economic Trends in the United States
Credit Cards and Debt
Financial Management Practices in Civilian and Military Society
Defining Poverty
Race/Ethnic Variations in Financial Well-Being
Life on the Edge: The Working Poor
Hypotheses
Military-Civilian Hypothese
Military Hypotheses
Notes on Causality
CHAPTER III. METHODS
Samples
Military Sample
Civilian Sample
Constructing Matched Datasets
Description of Variables
Military-Civilian Dependent Variables
Military-Civilian Independent Variables
Military Dependent Variables
Military Independent Variables
Analytic Approach and Summary of Remaining Chapters
CHAPTER IV. RESULTS OF MILITARY-CIVILIAN COMPARISONS
Description of Demographic Characteristics of Military and Civilian Households
Matched Demographic Characteristics
Other Demographic Characteristics
Description of Financial Well-Being Characteristics
Financial Well-Being Characteristics
Financial Well-Being Characteristics By Demographic Characteristics
Correlations
Correlations for the Military Sample
Correlations for the Civilian Sample
Correlations for the Combined Military and Civilian Sample
Regression Analyses
Income Regression Models
Savings Regression Models
Debt Regression Models
Saving Habits Regression Models
CHAPTER V. RESULTS OF MILITARY-ONLY ANALYSIS
Description of Demographic Characteristics of Military Households
Characteristics of the Matched Military Sample and the Weighted Full
Military Sample
Demographic Characteristics of the Full Military Sample by Age Groups
Demographic Characteristics of the Full Military Sample by Paygrade and
Organizational Seniority
Relocation and Separation by Age Groups, Paygrade and Organizational
Seniority
Description of Financial Well-Being Characteristics
Description of Financial Well-Being Characteristics By Age Group
Description of Financial Well-Being Characteristics By Race/Ethic Status
Description of Financial Well-Being Characteristics By Paygrade and
Organizational Seniority
Description of Financial Distress Characteristics By Employment
Characteristics
Description of Financial Distress Characteristics By Relocation and
Separation
Correlations
Regression Analysis
CHAPTER VI: CONCLUSIONS AND SUGGESTIONS FOR FUTURE
RESEARCH
Summary of Study Purpose
Page
Summary of Results
Summary of Tests of Hypotheses
Limitations of the Current Study
Policy Implications
Suggestions for Future Research
Concluding Thoughts
APPENDIX A: DETAILED DESCRIPTION OF SAMPLES
REFERENCES