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This suggests that conscription also reduces individual earnings capacities through other channels other than human capital obtained in the schooling system.
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"People should be able to learn new skills by borrowing against future earnings capacity," he said.
The disposals would reduce the bank's earnings capacity and, in turn, its ability to repay government funds.
"The difficulty normally is the injury is inflicted when you are a child so you don't have an earnings capacity built up; this man did," said Scorer.
Each year, more than 40,000 people are convicted of possession, a conviction that will damage their future employability, make further offences significantly more likely, relationships less certain and reduce earnings capacity by on average a fifth.
The societal costs might consist of a lower educated population with a lower earnings capacity.
"You've spent [up to] 20 years of prime earnings capacity as a student or trainee," she says.
A top tier customer in the Philippines or Indonesia may be different in earnings capacity compared to Singapore.
This suggests that conscription also reduces individual earnings capacity through channels other than a reduction in human capital.
"The sharp move in sector performance has already lifted valuations to levels that largely capture the higher earnings capacity of the stocks," Leggate said.
Those judged partially disabled (those with some residual earnings capacity) were eligible for partial benefits; the minimum degree of impairment for eligibility was 15percentt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com