John H. Pencavel is a British economist and academic, currently serving as Levin Professor of Economics (Emeritus) at

Stanford University Stanford University, officially Leland Stanford Junior University, is a private research university in Stanford, California. The campus occupies , among the largest in the United States, and enrolls over 17,000 students. Stanford is consider ...

, having been at the institution since 1969. He is a Fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools to their field. It is an independent organization with no connections to societies of professional mathematicians or statisticians. ...

(1993), Fellow of University College London (2001), Fellow of the Society of Labor Economists (2004), and Distinguished Fellow of the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...

Career

Pencavel grew up in

Hanwell Hanwell () is a town in the London Borough of Ealing, in the historic County of Middlesex, England. It is about 1.5 miles west of Ealing Broadway and had a population of 28,768 as of 2011. It is the westernmost location of the London post t ...

, West London, attending

Drayton Manor Grammar School Drayton may refer to: People * Drayton (surname) Legal cases * ''United States v. Drayton'', 536 U.S. 194 (2002) Places Australia *Drayton, Queensland, a locality in the Toowoomba Region *Shire of Drayton, a former local government area in Queen ...

. He then went on to read Economics at

University College London , mottoeng = Let all come who by merit deserve the most reward , established = , type = Public research university , endowment = £143 million (2020) , budget = ...

, gaining both a BSc (1965) and MSc (1966), before receiving his PhD from

Princeton University Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest ins ...

in 1969. In 2005, he was made President of the Society of Labor Economists, and in 2014 was made President of the Western Economic Association. Pencavel's major contributions lie within labour economics, focussing on behavioural models of

trade unions A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and Employee ben ...

, and modelling

worker cooperatives A worker cooperative is a cooperative owned and self-managed by its workers. This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by ...

. Pencavel is also the creator of the JEL Classification System, used in an amended form by the AEA to this day.

Awards

Pencavel was awarded a

Guggenheim Fellowship Guggenheim Fellowships are grants that have been awarded annually since by the John Simon Guggenheim Memorial Foundation to those "who have demonstrated exceptional capacity for productive scholarship or exceptional creative ability in the ar ...

in 1978, and the

Jacob Mincer Award The Jacob Mincer Award is an economic award issued by the Society of Labour Economics (SOLE) honouring lifetime contributions to the field of labour economics. Initially named the "Career Achievement Award for Lifetime Contributions to the Fiel ...

for lifetime contributions to labour economics in 2008.

References

{{DEFAULTSORT:Pencavel, John 20th-century British economists 21st-century British economists Alumni of University College London Econometricians Fellows of the Econometric Society Labor economists Living people People educated at Drayton Manor High School People from Hanwell Princeton University alumni Stanford University faculty Year of birth missing (living people)