Abstract
AbstractWe 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.
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