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Structural Analysis of U.S. Appraiser Income

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  • Marvin Wolverton
  • Donald Epley

Abstract

This study represents the first investigation of appraiser income at the national level. It is especially timely because it addresses the value of Appraisal Institute designations in a post-FIRREA world, in addition to investigating the impact of gender on appraiser income. The study employs a worker-productivity, human-capital model and finds that appraiser income is positively and significantly impacted by the amount of work effort expended, the level of appraisal experience, and the formal education and professional training attained by an appraiser. Appraisal Institute designations are found to have a significant and positive impact on income, even in a post-FIRREA world of required appraiser licensing and certification. Gender does not appear to impact appraiser income. However, questions do arise regarding the status of female (and minority) appraisers.

Suggested Citation

  • Marvin Wolverton & Donald Epley, 1999. "Structural Analysis of U.S. Appraiser Income," Journal of Real Estate Research, Taylor & Francis Journals, vol. 18(2), pages 377-393, January.
    • Handle: RePEc:taf:rjerxx:v:18:y:1999:i:2:p:377-393
    DOI: 10.1080/10835547.1999.12090994
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    Cited by:

    1. G. Martin Izzo & Barry E. Langford, 2008. "Data analysis with ordinal and interval dependent variables: examples from a study of real estate salespeople," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 1, pages 103-116, December.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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