The Structure of Wages and Benefits in the U.S. Pork Industry
Pork production has evolved from relatively small, family-run operations toward large-scale operations with several employees. Important questions about the structure of compensation in this rapidly changing labor market are answered using probit and ordered probit models and data from a national survey of pork producers and their employees. The results suggest (i) the structure of wages in pork production is consistent with more developed labor markets; (ii) employees earn a wage premium for using advanced technology and working in larger operations; and (iii) employees are willing to accept lower wages in exchange for better benefits and working conditions. Key words: benefits, compensation, earnings functions, hog production, technology, wages.
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|Date of creation:||01 Feb 1999|
|Publication status:||Published in American Journal of Agricultural Economics, February 1999, vol. 81 no. 1, pp. 144-163|
|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
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