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Ashenfelter receives 2003 IZA Prize in Labor Economics

Princeton University economist Orley Ashenfelter has been selected to receive the 2003 IZA Prize in Labor Economics for his outstanding contributions to the field.

With support from the Deutsche Post Foundation, the Bonn-based Institute for the Study of Labor (IZA) established the award in 2002 to underscore the central importance of labor economics in addressing international labor market challenges. Carrying a cash prize of 50,000 euros, it is one of the largest endowed international science awards. The official award ceremony will take place in Berlin on Sept. 22.

Ashenfelter is the Joseph Douglas Green 1895 Professor of Economics at Princeton. According to the Institute for the Study of Labor, "His intellectual work stands out due to his ingenuity in devising clever ways to derive and test hypotheses of economic models, his exceptional creativity in using and collecting data, and his originality in pioneering the natural experiment methodology. Ashenfelter's scholarly contributions have fundamentally transformed the analysis of labor markets. In a number of seminal articles he has broken new ground in various core areas of labor economics including research on trade unions, wages and employment, the analysis of labor supply, and the study of discrimination, education and training."

Ashenfelter, who earned his Ph.D. from Princeton in 1970, has taught at the University since 1968. He is president of the Society of Labor Economists and editor of the American Law and Economics Review.

Among the members of the IZA Prize Committee are three Nobel laureates: Gary Becker, a member of Princeton's class of 1951; James Heckman, who earned his Ph.D. from Princeton in 1971; and George Akerlof.

More information on the award can be viewed on the IZA website .

Contact: Eric Quinones (609) 258-3601

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