IZA Prize in Labor Economics
The IZA Prize in Labor Economics has been awarded since 2002 by the Institute for the Future of Work (IZA) as a science prize in economic research for “special scientific achievements in the field of labor economics” and is one of the most important international awards for economists. The prize was initially awarded annually, since 2016 every two years, alternating with the IZA Young Labor Economist Award.
Allocation and price components
The prize includes a medal and is endowed with 50,000 euros. The purpose of the prize money is to promote research in the field of labor economics. Each award winner is obliged to contribute a volume to the IZA Prize book series.
Nomination and selection process
In a nomination process, the members of the international research network who cooperate with the IZA as Research Fellows can propose deserving scientists for the IZA Prize. The award committee, made up of representatives from IZA and external economists, decides on the winner.
IZA Prize Committee
Since the IZA Prize was founded, four Nobel Prize winners have participated in the award committee : George Akerlof , Gary Becker , James Heckman , and Joseph Stiglitz . The current committee consists of: Francine Blau ( Cornell University ), Richard Blundell ( University College London ), George Borjas ( Harvard University ), David Card ( University of California, Berkeley ), Claudia Goldin (Harvard University), Daniel Hamermesh ( Barnard College) ) and Shelly Lundberg ( University of California, Santa Barbara ).
IZA Prize book series
Each IZA Prize Winner contributes a volume of their key research findings to the IZA Prize in Labor Economics Book Series, published by Oxford University Press .
IZA Prize Winner
The winners include labor market researchers who are active in policy advice and who cover different areas of the political spectrum. For example, Edward Lazear was chairman of the Council of Economic Advisers under President George W. Bush ; Alan Krueger held this post under President Barack Obama from 2011 to 2013.
| year | Award winners | institution | 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 (not yet published) |
| 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 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 (not yet published) |
| 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 Blue | Cornell University | Gender and Inequality |
| 2011 |
George Borjas Barry Chiswick |
Harvard University George Washington University |
Immigration and the Labor Market (not yet published) |
| 2012 | Richard Blundell | University College London | Taxation and Labor Supply (not yet published) |
| 2013 | Daniel S. Hamermesh | University of Texas at Austin and Royal Holloway, University of London | Labor Demand (among others). He received the award to recognize his fundamental contributions in the analysis of labor demand. |
| 2014 | Gary S. Fields | Cornell University | For his work to combat global poverty and social inequality. |
| 2015 | Jan Švejnar | Columbia University | For his analyzes of the transition from socialist planned economies to market economy structures. |
| 2016 | Claudia Goldin | Harvard University | For her life's work on the role of women in the history of the economy, education and the labor market. |
| 2018 | Joseph G. Altonji | Yale University | For his work on “statistical discrimination”. |
| 2020 | Lawrence Katz | Harvard University | For his contributions to research into income inequality and the importance of education for success in the labor market |
Individual evidence
- ^ IZA Prize website
- ↑ http://www.handelsblatt.com/politik/oekonomie/nachrichten/ehrung-iza-preis- geht-an-briten/ 3045156.html
- ↑ http://www.handelsblatt.com/politik/oekonomie/nachrichten/harvard-professor-freeman-erhaelt-preis-in-arbeitsoekonomie/2871476.html
- ↑ http://www.lse.ac.uk/newsAndMedia/news/archives/2005/IZAPrize2005.aspx
- ↑ https://global.oup.com/academic/content/series/i/iza-prize-in-labor-economics-iza/
- ↑ Mark Fallak: Harvard economist Lawrence Katz receives the IZA Prize 2020. IZA - Institute for the Future of Work, press release from January 16, 2020 at Informationsdienst Wissenschaft (idw-online.de), accessed on January 16, 2020.