Journal Article

The Structure of Wages and Benefits in the U.S. Pork Industry

Terrance M. Hurley, James Kliebenstein and Peter F. Orazem

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 81, issue 1, pages 144-163
Published in print February 1999 | ISSN: 0002-9092
Published online February 1999 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244457
The Structure of Wages and Benefits in the U.S. Pork Industry

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  • Particular Labour Markets
  • Wages, Compensation, and Labour Costs
  • Agricultural Economics

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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.

Keywords: benefits; compensation; earnings functions; hog production; technology; wages; J310; J430; Q120

Journal Article.  0 words. 

Subjects: Particular Labour Markets ; Wages, Compensation, and Labour Costs ; Agricultural Economics

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