IZA Prize in Labor Economics
economics prize
The IZA Prize in Labor Economics (2002–2020) was a prestigious award in the field of labor economics. The Institute for the Study of Labor awarded 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.
The IZA Prize in Labor Economics was the only international science prize awarded exclusively to labor economists was considered the most important award in labor economics worldwide. The prize was awarded through a nomination process and decided upon by the IZA Prize Committee, which consisted of internationally renowned labor economists.
As a part of the prize, IZA Prize Laureates contributed 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 consisted 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 1,300 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.
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