Walter Yasuo Oi (July 1, 1929 – December 24, 2013) was the Elmer B. Milliman Professor of Economics at the University of Rochester in Rochester, New York. He was a fellow of the American Academy of Arts and Sciences, a distinguished fellow of the Society of Labor Economists, and a recipient of the Secretary of Defense Medal for Outstanding Public Service.
At age 13, Oi and his family were detained by U.S. authorities and sent along with other Japanese-Americans to an internment camp, for fear that they might aid Imperial Japan in World War II. For the first few days of his internment, Oi and his family lived in a stall at Santa Anita Park.
Oi began to lose his sight in the 1960s, as he finished his doctoral work and began searching for a faculty position.
Role in the development of an all volunteer force
In his contribution to the The Costs and Implications of an All-Volunteer Force (1967) (of which he was also editor) Oi outlined the different calculations required to differentiate between the budgetary cost of military personnel and the economic cost to the nation of conscription. He identified the hidden costs of drafted force as the impact on the mental well being of those drafted. Oi estimated the loss in monetary terms of this effect to be between $826 million and $1,134 billion.
Oi was then employed as the staff economist on President Nixon's Commission on an All-Volunteer Armed Force (the Gates Commission) in the early 1970s. His research was used as a key piece of evidence in the debate to end the policy of conscription. Conscription ended in 1973.
Role in relation to disability
Oi was Vice-Chair of the President's Commission on Employment of People with Disabilities.
Awards and honors
Oi was elected a fellow of the American Academy of Arts and Sciences in 1993. Oi was named a distinguished fellow of the American Economic Association, a distinguished fellow of the Society of Labor Economists, and a fellow of the Econometrics Society. In 2000, Oi received the Secretary of Defense Medal for Outstanding Public Service for his work leading to the adoption of an all-volunteer military.
Oi was totally blind after 1956 but continued to defy his handicap through his work. He had been gradually losing his sight for the majority of his life and unable to read text since entering college. He continued to teach, collaborate and work despite his blindness and achieved an impressive career. He died, aged 84, in Rochester, NY.
- Oi, Walter Y (ed.) (1967). The Costs and Implications of an All-Volunteer Force. Chicago: University of Chicago Press.
- Oi, Walter Y (1967). "The Economic Cost of the Draft". American Economic Review. 57 (2): 39–62.
- Oi, Walter Y. (1992). "Work for Americans with Disabilities". The ANNALS of the American Academy of Political and Social Science. American Academy of Political Science. 523 (1): 159–174. doi:10.1177/0002716292523001014. Retrieved 2007-01-31.
- Henderson, The Role of Economists in Ending the Draft, p363.
- Conference Organized to Honor Economist Walter Oi
- Henderson, The Role of Economists in Ending the Draft, p362.
- "Walter Oi, Distinguished Professor Emeritus of Economics, Dead at 84". 2013-12-27.
- "National Archives: Walter Oi". Retrieved 2010-04-30.
- "Conference Organized to Honor Economist Walter Oi". Press release. University of Rochester. 1 November 1999. Retrieved 2007-01-31.
- Henderson, David R. "The Role of Economists in Ending the Draft" (PDF). Econ Journal Watch. 2 (2): 362–376. Retrieved 2006-02-03.