Institute for the Study of Labor
Encyclopedia
The Institute for the Study of Labor is a private, independent economic research institute. It was founded under the legal form of a limited liability company
Limited liability company
A limited liability company is a flexible form of enterprise that blends elements of partnership and corporate structures. It is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions...

. Its German name is Forschungsinstitut zur Zukunft der Arbeit hence the abbreviation IZA. IZA is situated in Bonn
Bonn
Bonn is the 19th largest city in Germany. Located in the Cologne/Bonn Region, about 25 kilometres south of Cologne on the river Rhine in the State of North Rhine-Westphalia, it was the capital of West Germany from 1949 to 1990 and the official seat of government of united Germany from 1990 to 1999....

, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...

.

Conception

IZA's main focus is the economic analysis of national and international labor markets within a broad range of research areas. Furthermore IZA provides policy advice on crucial labor market issues for national and international policy institutions. The institute’s networks of almost 600 international Research Fellows and influential Policy Fellows from business, politics, society and the media add to the dynamic of IZA.

IZA draws substantial financial support from the research-sponsoring activities of the Deutsche Post-Foundation
Deutsche Post
Deutsche Post AG, operating under the trade name Deutsche Post DHL, is the world's largest logistics group. With its headquarters in Bonn, the corporation has 467,088 employees in more than 220 countries and territories worldwide and generated revenue of € 51.48 billion in 2010...

.

Organization

President is Dr. Klaus Zumwinkel
Klaus Zumwinkel
Klaus Peter Richard Otto Zumwinkel was Chief Executive Officer and Chairman of Deutsche Post between 1990 and 2008. Being under suspicion of tax fraud, he resigned from office on February 15, 2008...

, former CEO of Deutsche Post World Net.

Director is Prof. Dr. Klaus F. Zimmermann, who is also professor of economics at the University of Bonn
University of Bonn
The University of Bonn is a public research university located in Bonn, Germany. Founded in its present form in 1818, as the linear successor of earlier academic institutions, the University of Bonn is today one of the leading universities in Germany. The University of Bonn offers a large number...

 and honorary professor at the Free University of Berlin
Free University of Berlin
Freie Universität Berlin is one of the leading and most prestigious research universities in Germany and continental Europe. It distinguishes itself through its modern and international character. It is the largest of the four universities in Berlin. Research at the university is focused on the...

 and Renmin University of China
Renmin University of China
Renmin University of China; RUC, also known as People's University of China , colloquially Renda , is a major research university in Haidian District, Beijing, China. Its campus neighbors those of Peking University and Tsinghua University....

 as well as an advisor to Fair Observer.

Director of Research is Dr. Marco Caliendo.

Director of Labor Policy is PD Dr. Hilmar Schneider.

Research

IZA's manifold research activities currently concentrate on seven research units providing high-standard labor market research in a wide array of topics:
  • Evaluation of Labor Market Programs
  • Behavioral and Personnel Economics
  • Migration
  • Labor Markets and Institutions
  • Labor Markets in Emerging and Transition Economies
  • The Future of Labor
  • Employment and Development


Within these research areas IZA offers a broad range of scientific events and publications, most of them downloadable on the IZA webpage. The highly influential IZA Discussion Paper Series is among the largest paper series in economics. IZA events comprise intensive workshops and research seminars on relevant labor market topics as well as large international conferences setting the agenda for future labor market research.

IZA Prize in Labor Economics

Since 2002 IZA awards the IZA Prize in Labor Economics which has become one of the most important prizes in economics worldwide. The past IZA Prize Laureates include:
  • Jacob Mincer
    Jacob Mincer
    Jacob Mincer , was a father of modern labor economics. He was Joseph L. Buttenwiser Professor of Economics and Social Relations at Columbia University for most of his active life.-Biography:...

    , Columbia University
    Columbia University
    Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...

     2002
  • Orley Ashenfelter
    Orley Ashenfelter
    Orley Clark Ashenfelter . is an American economist. He is a professor of economics at Princeton University and also the director of the Industrial Relations Section at Princeton University. His areas of specialization include labor economics, econometrics, and law and economics.Born in San...

    , Princeton University
    Princeton University
    Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

     2003
  • Edward Lazear
    Edward Lazear
    Edward Paul "Ed" Lazear is an award-winning American economist, considered the founder of personnel economics, and was the chief economic advisor to President George W. Bush.-Career:...

    , Stanford University
    Stanford University
    The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...

     2004
  • Dale T. Mortensen
    Dale T. Mortensen
    Dale Thomas Mortensen is an American economist. He received his B.A. in economics from Willamette University and his Ph.D. in Economics from Carnegie Mellon University. He is a member of the Beta Theta Pi fraternity...

    , Northwestern University
    Northwestern University
    Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....

    ; and Christopher A. Pissarides
    Christopher A. Pissarides
    Christopher Antoniou Pissarides F.B.A. is a Cypriot economist. He currently holds the Norman Sosnow Chair in Economics at the London School of Economics. His research interests focus on several topics of macroeconomics, notably labor, economic growth, and economic policy. In 2010, he was awarded...

    , London School of Economics
    London School of Economics
    The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

     2005
  • David Card
    David Card
    David Edward Card is a Canadian labour economist and professor at the University of California, Berkeley.Card earned his B.A. degree from Queen's University in 1978 and his Ph.D. degree in Economics in 1983 from Princeton University....

    , University of California, Berkeley
    University of California, Berkeley
    The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...

    ; and Alan B. Krueger
    Alan B. Krueger
    Alan Bennett Krueger is an American economist, Bendheim Professor of Economics and Public Affairs at Princeton University and Research Associate at the National Bureau of Economic Research. On March 7, 2009, he was nominated by President Barack Obama to be United States Assistant Secretary of the...

    , Princeton University
    Princeton University
    Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

     2006
  • Richard B. Freeman
    Richard B. Freeman
    Richard B. Freeman is one of the leading labor economists in North America. The Herbert Ascherman Professor of Economics at Harvard University, and Co-Director of the Labor and Worklife Program at Harvard Law School, Freeman is also Senior Research Fellow on Labour Markets at the Centre for...

    , Harvard University
    Harvard University
    Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

     and London School of Economics
    London School of Economics
    The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

     2007
  • Richard Layard
    Richard Layard
    Richard Layard, Baron Layard is a British economist. He was founder-director in 1990 of, and is a current programme director at, the Centre for Economic Performance at the...

    , London School of Economics
    London School of Economics
    The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

    ; and Stephen Nickell
    Stephen Nickell
    Stephen John Nickell CBE is a British economist and currently Warden of Nuffield College, Oxford.Nickell was educated at Merchant Taylors' School, Northwood and Pembroke College, Cambridge....

    , Nuffield College 2008
  • Richard Easterlin
    Richard Easterlin
    Richard A. Easterlin is University Professor and Professor of Economics at the University of Southern California. He is a member of the National Academy of Sciences and the American Academy of Arts and Sciences...

    , University of Southern California
    University of Southern California
    The University of Southern California is a private, not-for-profit, nonsectarian, research university located in Los Angeles, California, United States. USC was founded in 1880, making it California's oldest private research university...

     2009
  • Francine D. Blau
    Francine D. Blau
    Francine Dee Blau is an American economist and professor of economics at Cornell University. Blau was the first woman to receive the prestigious IZA Prize in Labor Economics for her "seminal contributions to the economic analysis of labor market inequality."-Education:Blau graduated from Forest...

    , Cornell University
    Cornell University
    Cornell University is an Ivy League university located in Ithaca, New York, United States. It is a private land-grant university, receiving annual funding from the State of New York for certain educational missions...

     2010
  • George J. Borjas
    George J. Borjas
    George Jesus Borjas is an American economist and the Robert W. Scrivner Professor of Economics and Social Policy at the Harvard Kennedy School. He is most well known for his advocacy of reducing the rates of immigration to the United States.- Personal life and education :Borjas was born in Havana,...

    , Harvard University
    Harvard University
    Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

    ; and Barry R. Chiswick, George Washington University
    George Washington University
    The George Washington University is a private, coeducational comprehensive university located in Washington, D.C. in the United States...



In 2006, IZA has additionally established the "IZA Young Labor Economist Award" to honor an outstanding published paper in labor economics written by researchers under 40 years of age at the time of publication. The prize money of 5,000 Euros is shared between the authors. The prize-winners include:
  • Enrico Moretti, University of California, Berkeley
    University of California, Berkeley
    The University of California, Berkeley , is a teaching and research university established in 1868 and located in Berkeley, California, USA...

     2006
  • Oriana Bandiera (LSE
    London School of Economics
    The London School of Economics and Political Science is a public research university specialised in the social sciences located in London, United Kingdom, and a constituent college of the federal University of London...

    ), Iwan Barankay (Warwick
    University of Warwick
    The University of Warwick is a public research university located in Coventry, United Kingdom...

    ), Imran Rasul (UCL
    University College London
    University College London is a public research university located in London, United Kingdom and the oldest and largest constituent college of the federal University of London...

    ) 2007
  • Fabian Lange, Yale University
    Yale University
    Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

     2008
  • Alexandre Mas, Princeton University
    Princeton University
    Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

     2009
  • Raj Chetty
    Raj Chetty
    Raj Chetty is an Indian American economist. He is currently a professor of economics at Harvard University and was a former professor at the University of California, Berkeley...

    , Harvard University
    Harvard University
    Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...

    2010


External links

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