Structural Analysis of U.S. Appraiser Income
AbstractThis 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.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 18 (1999)
Issue (Month): 2 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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NBER Working Papers
0249, National Bureau of Economic Research, Inc.
- Halvorsen, Robert & Palmquist, Raymond, 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations," American Economic Review, American Economic Association, vol. 70(3), pages 474-75, June.
- Barry A. Diskin & Dean H. Gatzlaff, 1994. "An Examination of the Earnings of Real Estate Appraisers," Journal of Real Estate Research, American Real Estate Society, vol. 9(4), pages 507-524.
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