The IZA - Institute of Labor Economics (german: Forschungsinstitut zur Zukunft der Arbeit), until 2016 referred to as the Institute of the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in

Bonn The federal city of Bonn ( lat, Bonna) is a city on the banks of the Rhine in the German state of North Rhine-Westphalia, with a population of over 300,000. About south-southeast of Cologne, Bonn is in the southernmost part of the Rhine-Ru ...

Germany Germany, officially the Federal Republic of Germany (FRG),, is a country in Central Europe. It is the most populous member state of the European Union. Germany lies between the Baltic and North Sea to the north and the Alps to the sou ...

History

Founded in 1998, IZA is a non-profit limited-liability organization supported by the Deutsche Post Foundation and other national and international sources.

Restructuring

On March 1, 2016, the Institute for the Study of Labor was restructured by

Klaus Zumwinkel Klaus-Gerhard Maximilian Zumwinkel (, born December 15, 1943) was Chief Executive Officer (CEO) and Chairman of Deutsche Post between 1990 and 2008. Being under suspicion of tax fraud, he resigned from office on February 15, 2008. He was convicte ...

, CEO of the Deutsche Post Stiftung and president of IZA. A new institute on behavior and inequality research was founded while IZA will put more emphasis on policy-relevant research. Founding director Klaus F. Zimmermann, who did not accept these developments, left IZA on the 1st of March 2016.

Work

IZA runs the world's largest research network in economic science, comprising over 1,300 international Research Fellows and Affiliates, as well as Policy Fellows from business, politics, society and the media. , the RePEc ranks IZA second of the top worldwide economic institutions in the field of labour economics as well as second of the top worldwide think tanks. In Germany it is the number one top economic institution. In conducting labor market research, IZA cooperates closely with the Economics Department at the

University of Bonn The Rhenish Friedrich Wilhelm University of Bonn (german: Rheinische Friedrich-Wilhelms-Universität Bonn) is a public research university located in Bonn, North Rhine-Westphalia, Germany. It was founded in its present form as the ( en, Rhine ...

and the department's graduate education program at the Bonn Graduate School of Economics. 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.

Research

IZA's research activities currently concentrate on eleven program areas providing high-standard labor market research on a wide array of topics: To promote research on labor markets in

developing countries A developing country is a sovereign state with a lesser developed Industrial sector, industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is al ...

, IZA launched in 2006, together with the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

, a joint research program on "Employment and Development". In addition, in its special research area "Growth and Labor Markets in Low Income Countries", IZA coordinates for the UK

Department for International Development The Department for International Development (DFID) was a department of HM Government responsible for administering foreign aid from 1997 to 2020. The goal of the department was "to promote sustainable development and eliminate world poverty". D ...

a substantial research program to promote growth and employment in low income countries.

Publications

IZA publishes the series ''

Research in Labor Economics ''Research in Labor Economics'' (RLE) is a biannual series that publishes peer-reviewed research applying economic theory and econometrics to analyze policy issues. Typical themes of each volume include labor supply, work effort, schooling, on-th ...

'' together with Emerald Group Publishing. In addition, it publishes the IZA journal series, which consists of three

open access Open access (OA) is a set of principles and a range of practices through which research outputs are distributed online, free of access charges or other barriers. With open access strictly defined (according to the 2001 definition), or libre o ...

journals that focus on different aspects of international labor markets. The journals are published on IZA's behalf by Sciendo and do not charge any author fees. They were started in 2012 as 5 journals. The three journals are: * ''IZA Journal of Labor Economics'' * ''IZA Journal of Labor Policy'' * '' IZA Journal of Development and Migration'' Since May 2014, IZA publishes, together with

Bloomsbury Publishing Bloomsbury Publishing plc is a British worldwide publishing house of fiction and non-fiction. It is a constituent of the FTSE SmallCap Index. Bloomsbury's head office is located in Bloomsbury, an area of the London Borough of Camden. It has ...

, '' IZA World of Labor'', an open access resource providing empirically founded research articles on labor economics for a non-academic readership.

Awards

IZA Prize in Labor Economics

Since 2002 IZA awards yearly the IZA Prize in Labor Economics for exceptional academic accomplishments in the field of labor economics. It is endowed with an award of 50,000 euros and is among the most prestigious economics awards worldwide.

Young Labor Economist Award

In 2006, IZA also 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. Winners include: * 2006: Enrico Moretti:: * 2007: Oriana Bandiera, Iwan Barankay, Imran Rasul:: * 2008: Fabian Lange:: * 2009: Alexandre Mas:: * 2010: Raj Chetty:: * 2011: Johannes Abeler, Steffen Altmann, Sebastian Kube, Mathias Wibral:: * 2012: Scott Carrell and Mark Hoekstra:: * 2013:

Martha Bailey Martha J. Bailey is a professor of economics at the University of California, Los Angeles. She is also a Research Associate of the National Bureau of Economic Research, and a member of the executive committee of the American Economic Association. ...

, Brad Hershbein and Amalia Miller:: * 2014: Brian K. Kovak::

References

External links

*
IZA Prize Series at OUP

GLM LIC DFID Project

Research in Labor Economics homepage

IZA Journal Series homepage

IZA World of Labor homepage
{{Authority control Economic research institutes Research institutes in Germany Labor studies organizations Labour economics 1998 establishments in Germany Research institutes established in 1998 University of Bonn Deutsche Post