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<p>This thesis examines Return On Investment (ROI) of the newly developed Marine for Life (M4L) Program that assists discharged Marines in finding civilian employment. Additionally, the thesis analyzes the determinants of M4L Program participation using data from the M4L Program actual registered Marines and data from the USMC Total Force Data Warehouse during the same time frame. The ROI analysis found that the M4L Program had a ROI of (154%) in 2004 and (202%) in 2005; however, analysis of ROI does include all costs and omits some of the non-quantifiable benefits of the programs, which may bias the results. If these benefits were quantifiable, the ROI would be much higher. Logistic regression results indicate that program participation is positively affected by being female, a minority, and ages 24-31, having two years of college or a masterâ  s degree, and separating after the first-term of service. The results show a negative effect on participation for ages 32-39, non-high school degree graduate, and combat arms occupations. Recommendations include greater focus on encouraging M4L participation by Marines who are younger, and in their first-term of service, less educated, and who have served in combat arms.
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<br>Subjects: Investments</div>
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Sanders, Shawn G.</div>
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