The Institute for the Study of Labor (IZA) today announced that this year’s IZA Prize in Labor Economics will be awarded to George J. Borjas (Harvard University) and Barry R. Chiswick (George Washington University) for their fundamental contributions to economic analysis. migration and integration. The prestigious science prize has a cash prize of 50,000 euros (approximately $ 70,000). The 2011 IZA Award ceremony will take place in Oslo, Norway on August 25.
Borjas and Chiswick pioneered the economic analysis of global migration and its impact on labor markets and social security systems. They have been at the forefront of the intense debate on income assimilation and the nature of migrant selectivity. Their research made migration an important sub-discipline of economics with great political relevance. For example, the winners have shown that successful integration of immigrants depends on individual qualifications and language skills, but also requires an active integration policy that selects immigrants on the basis of labor market needs.
“Migration has become one of the most important challenges of our time. The contributions of the two laureates are not only timely, they are also crucial to understanding how companies can benefit socially and economically from labor mobility. Selection and integration are essential. elements of this story, ”said IZA Director Klaus F. Zimmermann.
Barry Chiswick and George Borjas have spurred a huge amount of research by many academics around the world. The immense contribution of these researchers also lies in their empirical ingenuity and deep understanding of the data. They raised questions about the insufficiency of existing data and developed new techniques, stressing the importance of high-quality microeconomic data for examining serious public policy issues. Their work has served as a model for many subsequent researchers and has been the basis for the rapid growth of interest in the economic analysis of immigration over the past three decades.
George J. Borjas is Robert W. Scrivner Professor of Economics and Social Policy at the Kennedy School of Government at Harvard University. He has been a consultant to the World Bank and various government agencies. His academic work provided a theoretical and empirical framework for analyzing the welfare effects and distributive consequences of immigration. His studies demonstrate the need for highly qualified immigration and a selective immigration policy.
Barry R. Chiswick is Professor and Chairman of the Department of Economics at the Columbian College of Arts and Sciences (CCAS) at George Washington University. He has advised the United Nations, the World Bank and governments around the world. His award-winning work on language acquisition and immigrant labor market outcomes underscores the importance of education and language skills for socioeconomic mobility. He also studied integration challenges for different ethnic groups. Chiswick has worked closely with IZA for many years.
The IZA Prize in Labor Economics has been awarded annually since 2002 for outstanding contributions in the field. It is considered worldwide as the most prestigious scientific prize in labor economics. Previous winners include Dale Mortensen and Christopher Pissarides, who went on to receive the Nobel Prize in economics.
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