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IZA Prize in Labor Economics

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Title: IZA Prize in Labor Economics  
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Subject: Dale T. Mortensen, Jacob Mincer, Edward Lazear, Institute for the Study of Labor, Richard Blundell, Orley Ashenfelter, George J. Borjas
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IZA Prize in Labor Economics

The Institute for the Study of Labor awards a prize each year for outstanding academic achievement in the field of labor economics. The IZA Prize in Labor Economics has become a highly prestigious science award in international economics and is considered the most important award in labor economics worldwide. 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.

Funding and prize components

The IZA Prize in Labor Economics consists of a prize medal and a cash award of 50,000 euros. 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 1,000 labor economists who collaborate as research fellows with the Institute. 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, four Nobel laureates in Economics have served as members of the Prize Committee, George Akerlof, Gary Becker, James Heckman, and Joseph Stiglitz. The committee is coordinated by IZA Director Klaus F. Zimmermann, who is also Professor of Economics at the University of Bonn, Honorary Professor of Economics at the Free University of Berlin and the Renmin University of Peking, and Editor-in-Chief of the Journal of Population Economics. Current members of the committee besides Akerlof and Zimmermann are: Marco Caliendo (IZA Director of Research), Richard Portes (Professor of Economics at the London Business School and President of the CEPR), and Jan Svejnar (Professor of Economics and Public Policy at the University of Michigan).

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. IZA Director Klaus F. Zimmermann and other IZA experts serve as co-editors for each volume. The series is published by Oxford University Press.

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 Jacob Mincer Columbia University The Founding Father of Modern Labor Economics
2003 Orley Ashenfelter Princeton University Labor Policy Evaluation and the Design of Natural Experiments (forthcoming)
2004 Edward Lazear Stanford University Inside the Firm: Contributions to Personnel Economics
2005 Dale Mortensen
Christopher Pissarides
Northwestern University
London School of Economics
Job Matching, Wage Dispersion, and Unemployment
2006 David Card
Alan B. Krueger
University of California, Berkeley
Princeton University
Wages, School Quality, and Employment Demand
2007 Richard B. Freeman Harvard University and London School of Economics Making Europe Work
2008 Richard Layard
Stephen Nickell
London School of Economics
Nuffield College
Combatting Unemployment
2009 Richard Easterlin University of Southern California Happiness, Growth, and the Life Cycle
2010 Francine Blau Cornell University Gender and Inequality
2011 George J. Borjas
Barry Chiswick
Harvard University
George Washington University
Immigration and the Labor Market (forthcoming)
2012 Richard Blundell University College London Taxation and Labour Supply (forthcoming)
2013 Daniel S. Hamermesh University of Texas at Austin and Royal Holloway Labour Demand (forthcoming)

External links

  • IZA Prize Homepage
  • IZA Prize Series at OUP
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