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May 2018

Joseph Altonji wins the IZA prize in labor economics

By Labor economics No Comments
Joseph altonji

Yale economist Joseph Altonji received the 2018 IZA Labor Economics Award to recognize his fundamental contributions to the economic analysis of labor supply, home economics and discrimination.

Altonji’s contributions have shaped the understanding of how households decide their labor supply in fluctuating business cycles and changing labor markets, if the family is the relevant unit of decision-making. economic and what are the mechanisms at the origin of the discrimination in the labor market ”, indicates the quote of the price. . “A dominant theme of his work is that even the most insightful and fundamental theoretical advances must be supported by rigorous empirical evidence. “

Awarded every two years by the Bonn-based Institute for Labor Economics (IZA), the IZA Prize aims to stimulate research that seeks answers to important labor market policy questions of our time. It will be formally conferred during the IZA 20e birthday celebrations in Berlin on June 28. Previous laureates include renowned economists such as Dale Mortensen and Christopher Pissarides, who each later received the Nobel Prize.

The IZA Prize Committee is made up of seven eminent economists, six of whom are former IZA Prize winners.

Choosing Joe Altonji as this year’s IZA award winner was an obvious choice. His profound contributions to several important areas of labor economics – his keenness to take economic theory and measurement seriously – made the job of the selection committee very easy, ”said Daniel Hamermesh, director of the IZA network, who chairs the committee.

Altonji ’75 BA, Thomas DeWitt Cuyler Professor of Economics, studies issues relating to immigration, race and gender in the labor market, wage determination, labor supply and economic ties between family members.

In July, he will assume the role of president of the Society of Labor Economists, a professional organization of nearly 800 members that promotes the field of labor economics. He is an elected member of the Econometric Society and the American Academy of Arts and Sciences. He has served on a number of government advisory committees and is currently a member of the United States Federal Advisory Committee on Economic Statistics and the National Science Foundation’s Social, Behavioral, and Economic Science Advisory Committee. He is an associate researcher at the IZA as well as at the National Bureau of Economic Research.

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