Review of Agricultural Economics—Volume 28, Number 2—Pages 254–261 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 publi-cations 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 ob-tained positively impact salaries, while undergraduate course load has a negative impact. Results show that mobility and marketability significantly increase salary. Analysis sug-gests 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 univer-sity. Finally, the Wilcoxon matched-pairs signed rank test indicates that most universities’ average salaries follow the market. Economists have a rich history of analyzing the determinants of universitysalary (Katz; Diamond; Tuckman, Gapinski, and Hagemann; Broder and Ziemer; DeLorme, Hill, and Wood; Altonji and Shakotko; Hilmer and Hilmer). This research evaluates how time has altered the demand for various determi-nants of salary in our profession by developing a model that may reflect bette