This year's IZA Prize in Labor Economics was awarded to the U.S. economists George J. Borjas (Harvard University) and Barry R. Chiswick (George Washington University). The prestigious award recognizes their fundamental contributions to the economic analysis of migration and integration. Borjas and Chiswick have pioneered the economic analysis of global migration and its impact on labor markets and social security systems. They have been the leading figures in the intense debate about earnings assimilation and the nature of migrant selectivity. Their research has made migration an important subdiscipline of economics with high policy relevance. The award ceremony took place in Oslo, Norway, on August 25 [view event program].
A sound understanding of problems in labor economics has proven ever
more important in light of the adjustment processes that are currently
taking place in the international labor markets. In order to account
for this trend, the Institute for the Study of Labor - with generous
support from the Deutsche Post Foundation - has created the "IZA Prize
in Labor Economics". This annual prize is awarded for outstanding
academic achievement in the field of labor economics. It is meant to
stimulate research that tries to find answers to the important labor
market policy questions of our time. In November 2002 the IZA Prize was awarded for the first time [view all past prize-winners].
More than 1,000 renowned labor economists are affiliated with IZA
through its worldwide network. These influential
economists are entitled to nominate
candidates for the prize. The decision will be made by the IZA
Prize Committee, which includes distinguished international labor economists as well
as IZA representatives.
The IZA Prize in Labor Economics underscores the central importance
of labor market research in shaping the "Future of Labor."
For further information, please contact: prize@iza.org
All prize-winners contribute a volume to the IZA Prize in Labor Economic Series published by Oxford University Press, which has been established to provide an overview of the laureates' most significant findings.
Each IZA Prize Laureate contributes a volume to this unique collection of seminal research covering a broad range of topics in labor economics. IZA Director Klaus F. Zimmermann and other IZA experts serve as co-editors of the series.
Published and forthcoming volumes include:
MINCER: The Founding Father of Modern Labor Economics
EASTERLIN: Happiness, Growth, and the Life Cycle
MORTENSEN/PISSARIDES: Job Matching, Wage Dispersion, and Unemployment
LAYARD/NICKELL: Combatting Unemployment
LAZEAR: Inside the Firm: Contributions to Personnel Economics
CARD/KRUEGER: Wages, School Quality, and Employment Demand
