Does the Jack of All Trades Hold the Winning Hand?: Comparing the Role of Specialized Versus General Skills in the Returns to an Agricultural Degree
Abstract� This paper examines the roles of specialized versus general skills in explaining variation in the returns to an agriculture degree across majors inside and outside the agricultural industry. The focus on returns by sector of employment is motivated by the finding that most agricultural majors are employed in non-agricultural jobs.� A sample of alumni graduating from a large Midwestern Public University between 1982 and 2006 shows that alumni with majors more specialized in agriculture earned a premium from working in the agriculture industry, but this advantage has diminished over time.� Agricultural majors with more general training earn more outside than inside agriculture, and their advantage has increased over time.� During sectoral downturns in the agriculture economy, more specialized majors suffer large pay disadvantages compared to more generally trained agriculture majors and majors in other colleges.� These findings suggest that greater levels of specialization may limit a graduateâ€™s ability to adjust to changing economic circumstances.� Agriculture degree programs could benefit from curriculum innovations focused on developing more generalized skills.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 34591.
Date of creation: 10 Nov 2011
Date of revision:
Publication status: Forthcoming in American Journal of Agricultural Economics
Contact details of provider:
Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
More information through EDIRC
earnings; business cycle; urban; Rural; Agricultural sector; College Major; Curriculum; Specific Skills; General Skills; sorting;
Find related papers by JEL classification:
- A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-11-21 (Agricultural Economics)
- NEP-ALL-2011-11-21 (All new papers)
- NEP-LAB-2011-11-21 (Labour Economics)
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