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Monetary Returns to Bachelors and Masters Degrees in Agricultural Economics

Author

Listed:
  • Josef M. Broder
  • Rodney P. Deprey

Abstract

Characteristics of agricultural economics alumni from the University of Georgia were discussed and a general linear model was developed to explain differences in bachelors and masters alumni salaries. Graduate education, work experience, resource mobility, gender, family background, and high school size were found to influence alumni salaries. Returns to a masters degree were computed along with capital recovery periods. Assistantship levels, cost of borrowed and human capital, and nonmonetary benefits were relevant in decisions to attend graduate school. Some costs and benefits of graduate education were found to be subjective, to vary across individuals, and to be influenced by prevailing economic conditions.

Suggested Citation

  • Josef M. Broder & Rodney P. Deprey, 1985. "Monetary Returns to Bachelors and Masters Degrees in Agricultural Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(3), pages 666-673.
    • Handle: RePEc:oup:ajagec:v:67:y:1985:i:3:p:666-673.
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    File URL: http://hdl.handle.net/10.2307/1241091
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    Citations

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    Cited by:

    1. Aaea, 1987. "Proceedings of a Workshop on Agricultural Economics Program Analysis," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 337236, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Jens Rommel & Meike Weltin, 2021. "Is There a Cult of Statistical Significance in Agricultural Economics?," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(3), pages 1176-1191, September.
    3. Qenani-Petrela, Eivis & Wolf, Marianne McGarry, 2007. "Differential Earnings of the Agricultural Graduates: New Evidence from the Agribusiness Industry," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 10(2), pages 1-18.
    4. E. Peterson & Fred Ruppel & Daniel Padberg, 1988. "Assessing agricultural education: Agricultural economics at a crossroads," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 5(4), pages 26-33, September.
    5. Srivastava, Lorie & Thilmany, Dawn D., 2000. "Agricultural Economists' Performance And Pay: An Analysis Of Land Grant University Salaries," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36511, Western Agricultural Economics Association.
    6. Sterns, James & Oehmke, James & Schwartz, Lisa, 1993. "Returns to Education: The Impacts of M.S.U. Training on West African Scientists," Agricultural Economic Report Series 201422, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Wolf, Marianne McGarry & Qenani-Petrela, Eivis, 2004. "An Examination of Gender Wage Differences Among Graduates of the Agribusiness Department, California Polytechnic State University, San Luis Obispo, California," 2004 Annual meeting, August 1-4, Denver, CO 20412, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. John K. Thomas & Jennifer F. Cotten & Alvin J. Luedke, 1991. "Career development of agricultural graduates: A gender comparison," Agribusiness, John Wiley & Sons, Ltd., vol. 7(5), pages 503-514.
    9. Kim Harris & Dwight R. Sanders & Shaun Gress & Nick Kuhns, 2005. "Starting salaries for agribusiness graduates from an AASCARR institution: The case of Southern Illinois University," Agribusiness, John Wiley & Sons, Ltd., vol. 21(1), pages 65-80.
    10. Meyerding, Stephan G.H., 2018. "Job preferences of agricultural students in Germany – A choice-based conjoint analysis for both genders," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(2), March.
    11. McGraw, Katherine & Popp, Jennie S. Hughes & Dixon, Bruce L. & Newton, Doris J., 2012. "Factors Influencing Job Choice among Agricultural Economics Professionals," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(2), pages 1-15, May.

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