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Insights from a decade in the life of public Ph.D.‐granting agricultural economics departments

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  • Christiana E. Hilmer
  • Michael J. Hilmer

Abstract

We examine annual salaries over a 10‐year period for 423 teaching/research faculty in 23 public Ph.D.‐granting agricultural economics departments. To our knowledge, this is the first study to analyze panel data for agricultural economics faculty members from a variety of universities. Using a fixed effects model, we find that the highest returns are derived from gaining years of experience, moving between universities, receiving tenure, and obtaining the rank of full professor. The fixed effects estimation relative to a cross‐section does not show evidence of the negative returns to seniority that is typically found in studies analyzing academic labor markets.

Suggested Citation

  • Christiana E. Hilmer & Michael J. Hilmer, 2022. "Insights from a decade in the life of public Ph.D.‐granting agricultural economics departments," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(4), pages 2049-2063, December.
    • Handle: RePEc:wly:apecpp:v:44:y:2022:i:4:p:2049-2063
    DOI: 10.1002/aepp.13281
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    References listed on IDEAS

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    1. John Gibson & Ethan Burton-McKenzie, 2017. "Are returns to research quality lower in agricultural economics than in economics?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 61(3), pages 498-514, July.
    2. Bernt Bratsberg & James F. Ragan Jr. & John T. Warren, 2003. "Negative Returns to Seniority: New Evidence in Academic Markets," ILR Review, Cornell University, ILR School, vol. 56(2), pages 306-323, January.
    3. Bernt Bratsberg & James F. Ragan & John T. Warren, 2010. "Does Raiding Explain The Negative Returns To Faculty Seniority?," Economic Inquiry, Western Economic Association International, vol. 48(3), pages 704-721, July.
    4. Ransom, Michael R, 1993. "Seniority and Monopsony in the Academic Labor Market," American Economic Review, American Economic Association, vol. 83(1), pages 221-233, March.
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    6. Michael J. Hilmer & Christiana E. Hilmer, 2011. "Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?," American Economic Review, American Economic Association, vol. 101(3), pages 466-470, May.
    7. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 1998. "Do Academic Salaries Decline with Seniority?," Journal of Labor Economics, University of Chicago Press, vol. 16(2), pages 352-366, April.
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