2014 IZA Prize awarded to Gary Fields

Ira N. Gang | Gary S. Fields | Klaus F. Zimmermann
Cornell professor Gary S. Fields is the winner of the 2014 IZA Prize in Labor Economics for his outstanding contributions on the importance of efficient labor markets to fight poverty and foster economic development in low- and middle-income countries. Worth 50,000 euros, the IZA Prize is regarded as the most prestigious science award in the field. The award ceremony will take place during the ASSA annual meeting in Boston on January 4, 2015.

According to the award statement from the IZA Prize Committee, Fields pioneered economic thinking about labor markets in developing countries by focusing on indicators such as poverty, inequality and income mobility. Fields’ policy recommendations aim at increasing the level and security of wages for employees and self-employed by incentivizing investments in the private sector, growth and international trade, and by providing the necessary skills and business know-how to stimulate labor demand. In this respect, Fields also shows the shortcomings of previous development aid, which had not sufficiently targeted labor market needs.

The Prize was awarded by IZA Director Klaus F. Zimmermann during the ASSA Meeting in Boston on January 4, 2014, with a laudatory speech by Ira N. Gang. Read more in the IZA Newsroom!