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DETERMINANTS OF AGRICULTURAL ECONOMIC FACULTY SALARIES: A QUARTER OF A CENTURY LATER

This research studies factors that influence the salary level of university agricultural economists. Comparisons to previous work suggest that the impact of a single publication on salary has declined over the past twenty-five years; however, the return to relative publications is the same. The impact of years of experience has increased. Analysis of a different model specification suggests that the number of publications, advisees, and grants obtained positively impact salaries, while undergraduate course load has a negative impact. Results show that mobility and marketability significantly increase salary. Analysis suggests that there is a significant negative impact associated with an extension appointment and a significant positive impact associated with employment at a Ph.D.-granting university. Finally, the Wilcoxon matched-pairs signed rank test indicates that most universities' average salaries follow the market.