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| Structural Analysis of U.S. Appraiser
Income Author: Marvin L. Wolverton and Donald Epley Start Page: 377 Abstract: This 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. |
