IZA Prize in Labor Economics

Alan Krueger (left) and David Card
IZA Prize 2006 goes to David Card and Alan Krueger

The IZA Prize in Labor Economics 2006 was awarded to the outstanding American labor economists David Card (University of California, Berkeley) and Alan B. Krueger (Princeton University). According to the IZA Prize Committee, their work has crucially shaped the research agenda in labor economics and has raised the standards for empirical research in applied economics. "David Card and Alan Krueger have stimulated labor economics for many years with their original research approaches, the practical relevance of their results, and their remarkable use of natural experiments to test common hypotheses," said IZA Director Klaus F. Zimmermann during the announcement of the IZA Prize Committee decision in Bonn. "The findings by Card and Krueger are highly relevant for labor market policy in Germany, particularly with regard to raising school quality."
Klaus Zumwinkel and Klaus F. Zimmermann (right)
presenting the laureates with the IZA Prize 2006
The 2006 IZA Prize was awarded by Klaus Zumwinkel, CEO of Deutsche Post World Net and President of IZA, and IZA Director Klaus F. Zimmermann on November 8, 2006, during a festive ceremony in Berlin. Deutsche Post World Net has sponsored IZA since the foundation of the institute in 1998. The IZA Prize was established in 2002 and carries a cash award of 50,000 euros. It is considered the most esteemed science award in labor economics worldwide.

More information:
- Award Statement
- IZA Press Statement
- Handelsblatt article (in German)
- Photo Gallery