George Borjas Named Co-Winner of 2011 IZA Prize in Labor Economics

July 21, 2011
Information courtesy of the Institute for the Study of Labor (IZA)

The Institute for the Study of Labor (IZA) has announced that this year's IZA Prize in Labor Economics will be awarded to George J. Borjas (Harvard Kennedy School) and Barry R. Chiswick (George Washington University) for their fundamental contributions to the economic analysis of migration and integration. The prestigious science award carries a cash prize of 50,000 euros (about 70,000 dollars). The award ceremony for the 2011 IZA Prize will be held in Oslo, Norway, on August 25.

Borjas and Chiswick have pioneered the economic analysis of global migration and its impact on labor markets and social security systems. They have been the leading figures in the intense debate about earnings assimilation and the nature of migrant selectivity. Their research has made migration an important subdiscipline of economics with high policy relevance. For example, the prize-winners have shown that the 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 both prize-winners are not only timely, they are also crucial for our understanding of how societies can benefit socially and economically from labor mobility. Selection and integration are key elements of this story,” said IZA Director Klaus F. Zimmermann.

George J. Borjas is the Robert W. Scrivner Professor of Economics and Social Policy at the Kennedy School of Government, 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 distributional consequences of immigration. His studies demonstrate the need for high-skilled immigration and a selective immigration policy.

Photograph of Professor George Borjas

George J. Borjas, Robert W. Scrivner Professor of Economics and Social Policy, Harvard Kennedy School
Photo Credit: Martha Stewart

“Migration has become one of the most important challenges of our time. The contributions of both prize-winners are not only timely, they are also crucial for our understanding of how societies can benefit socially and economically from labor mobility. Selection and integration are key elements of this story,” said IZA Director Klaus F. Zimmermann.

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