IZA Prize in Labor Economics

IZA Prize Medal

The Institute for the Study of Labor awards a prize each year (from 2016 on every two years in turn with the IZA Young Labor Economist Award) for outstanding academic achievement in the field of labor economics.[1] The IZA Prize in Labor Economics has become a highly prestigious science award in international economics, is the only international science prize awarded exclusively to labor economists and is considered the most important award in labor economics worldwide.[2] The prize was established in 2002 and is awarded annually through a nomination process and decided upon by the IZA Prize Committee, which consists of internationally renowned labor economists. As a part of the prize, all IZA Prize Laureates contribute a volume as an overview of their most significant findings to the IZA Prize in Labor Economics Series published by Oxford University Press.[2]

Funding and prize components

The IZA Prize in Labor Economics consists of a prize medal and a cash award of 50,000 euros.[3] This provides the monetary support for the recipients' past and future research and is meant to stimulate further labor market research.

Nomination and selection process

IZA has a worldwide network of over 1,300 labor economists who collaborate as research fellows with the institute.[4] Each year they nominate candidates for the IZA Prize in Labor Economics from the research and work of their peers and colleagues. The nominations are reviewed by the IZA Prize Committee, which consists of IZA representatives, Research Fellows and prominent international labor economists.

IZA Prize Committee

Since the establishment of the prize, five Nobel laureates in Economics have served as members of the Prize Committee, George Akerlof, Gary Becker, James Heckman, Joseph Stiglitz and David Card.[5] The committee is coordinated by Daniel S. Hamermesh. Current members of the committee besides Hamermesh are: Francine D. Blau (Cornell University), Richard Blundell (University College London), George Borjas (Harvard University), David Card (University of California, Berkeley), and Shelly Lundberg (University of California, Santa Barbara).[6]

IZA Prize in Labor Economics Series

As a part of the IZA Prize in Labor Economics, each Laureate produces a volume for the IZA Prize in Labor Economics Book Series consisting of their most significant findings. The Series covers a broad range of important issues in labor economics. The series is published by Oxford University Press.[2]

IZA Prize Laureates

The past winners of the IZA Prize include a number of influential labor economists who are active in policy advice. For example, Edward Lazear was Chairman of the Council of Economic Advisers under President George W. Bush. Alan Krueger was nominated for the same post by President Barack Obama.

Year Laureate(s) Affiliation Book title
2002[7] Jacob Mincer Columbia University The Founding Father of Modern Labor Economics
2003[8] Orley Ashenfelter Princeton University Labor Policy Evaluation and the Design of Natural Experiments (forthcoming)
2004[9] Edward Lazear Stanford University Inside the Firm: Contributions to Personnel Economics
2005[5] Dale T. Mortensen
Christopher A. Pissarides 		Northwestern University
London School of Economics 		Job Matching, Wage Dispersion, and Unemployment
2006[10] David Card
Alan B. Krueger 		University of California, Berkeley
Princeton University 		Wages, School Quality, and Employment Demand
2007[11] Richard B. Freeman Harvard University and London School of Economics Making Europe Work (forthcoming)
2008[2] Richard Layard
Stephen Nickell 		London School of Economics
Nuffield College 		Combatting Unemployment
2009[3] Richard Easterlin University of Southern California Happiness, Growth, and the Life Cycle
2010[12] Francine Blau Cornell University Gender, Inequality and Wages
2011[13] George J. Borjas
Barry Chiswick 		Harvard University
George Washington University 		Foundations of Migration Economics
2012[14] Richard Blundell University College London Labor Supply and Taxation
2013[1] Daniel S. Hamermesh University of Texas at Austin and Royal Holloway The Demand for Labor: The Neglected Side of the Market
2014[15] Gary S. Fields Cornell University Employment and Development
2015[16] Jan Švejnar Columbia University Workers, Firms, and Transition (forthcoming)
2016[17] Claudia Goldin Harvard University An Evolving Force - the History of Women in the Economy (forthcoming)
2018[18] Joseph Altonji Yale University
2020[19] Lawrence F. Katz Harvard University

See also

References

  1. ^ a b "Royal Holloway - Professor Dan Hamermesh Wins Yet Another Prestigious Award - Economics home". royalholloway.ac.uk.
  2. ^ a b c d "IZA Prize in Labor Economics". oup.com. Archived from the original on 2011-01-02.
  3. ^ a b "USC Economist Receives Top Labor Economics Award". usc.edu.
  4. ^ "Bio" (PDF). institute.eib.org. 2013. Archived from the original (PDF) on 2020-09-09. Retrieved 2019-11-14.
  5. ^ a b "LSE academic awarded IZA Prize in Labor Economics 2005". lse.ac.uk. Archived from the original on 2015-02-03.
  6. ^ "List". www.iza.org. Retrieved 2019-11-14.
  7. ^ "Columbia News ::: Father of Modern Labor Economics Jacob Mincer Honored for Critical Contributions to the Field". columbia.edu.
  8. ^ "Princeton University - Ashenfelter receives 2003 IZA Prize in Labor Economics". princeton.edu. Archived from the original on 2017-05-11. Retrieved 2015-01-30.
  9. ^ "Edward Lazear". Stanford Graduate School of Business. 16 May 2016.
  10. ^ "Princeton University - Krueger to receive IZA Prize in Labor Economics". princeton.edu.
  11. ^ "Richard B. Freeman's Home Page". nber.org.
  12. ^ "Francine Blau receives top labor economics award - Cornell Chronicle". cornell.edu.
  13. ^ Harvard Kennedy School. "Harvard Kennedy School - George Borjas Named Co-Winner of 2011 IZA Prize in Labor Economics". harvard.edu. Archived from the original on 2017-07-04. Retrieved 2015-01-30.
  14. ^ "Richard Blundell awarded the 2012 IZA Prize in Labor Economics'". ucl.ac.uk. 9 August 2012.
  15. ^ "Cornell Daily Sun". The Sun.
  16. ^ "Svejnar Wins 2015 IZA Prize in Labor Economics". Columbia School of International and Public Affairs. Archived from the original on 2017-06-22. Retrieved 2015-04-14.
  17. ^ "IZA Prize in Labor Economics conferred to Claudia Goldin at ASSA Meeting in Chicago". Archived from the original on 2017-07-08. Retrieved 2017-06-24.
  18. ^ "The 2018 IZA Prize in Labor Economics goes to Joseph Altonji". Archived from the original on 2018-05-17. Retrieved 2018-05-17.
  19. ^ The 2020 IZA Prize in Labor Economics goes to Lawrence Katz