The unemployment rate, an oft-cited labor market statistic, is reported by the Bureau of Labor Statistics (BLS) for veterans and nonveterans.1 Popular press, including the Wall Street Journal and the New York Times, often compares the veteran unemployment rate with the overall national unemployment rate as a way to characterize the civilian economic prospects of veterans.
The Veterans’ Disability Benefits Commission (the Commission) has asked The CNA Corporation (CNAC) to provide a study of the issues involved in offering a one time lump sum payment instead of the current lifetime monthly compensation payments to selected disabled veterans. This topic is of great interest because of the potential benefits both to veterans and to the Department of Veterans Affairs (VA).