IZA Institute of Labor Economics

The IZA - Institute of Labor Economics (German: Forschungsinstitut zur Zukunft der Arbeit), until 2016 referred to as the Institute of the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in Bonn, Germany.[1]

Founded in 1998, IZA is a non-profit limited-liability organization supported by the Deutsche Post Foundation[2] and other national and international sources.[3]

On March 1, 2016, the Institute for the Study of Labor was restructured by Klaus Zumwinkel, CEO of the Deutsche Post Stiftung and President of IZA. A new institute on behavior and inequality research was founded while IZA will put more emphasis on policy-relevant research. Founding Director Klaus F. Zimmermann, who did not accept these developments, left IZA on the 1st of March 2016.[4]

IZA runs the world's largest research network in economic science, comprising over 1,300 international Research Fellows and Affiliates, as well as Policy Fellows from business, politics, society and the media.[5]

As of December 2014, the RePEc ranks IZA second of the top worldwide economic institutions in the field of labour economics[6] as well as second of the top worldwide think tanks.[7] In Germany it is the number one top economic institution.[8]

In conducting labor market research, IZA cooperates closely with the Economics Department at the University of Bonn and the department's graduate education program at the Bonn Graduate School of Economics.[9]

IZA's main focus is the economic analysis of national and international labor markets within a broad range of research areas. Furthermore IZA provides policy advice on crucial labor market issues for national and international policy institutions.[3]

IZA's research activities currently concentrate on eleven program areas providing high-standard labor market research on a wide array of topics:

To promote research on labor markets in developing countries, IZA launched in 2006, together with the World Bank, a joint research program on "Employment and Development".[10] In addition, in its special research area "Growth and Labor Markets in Low Income Countries", IZA coordinates for the UK Department for International Development a substantial research program to promote growth and employment in low income countries.[11]

IZA publishes the series Research in Labor Economics together with Emerald Group Publishing.

In addition, it publishes the IZA journal series, which consists of three open access journals that focus on different aspects of international labor markets. The journals are published on IZA's behalf by Sciendo and do not charge any author fees. They were started in 2012 as 5 journals.[12] The three journals are:

Since May 2014, IZA publishes, together with Bloomsbury Publishing, IZA World of Labor, an open access resource providing empirically founded research articles on labor economics for a non-academic readership.[13]

Since 2002 IZA awards yearly the IZA Prize in Labor Economics for exceptional academic accomplishments in the field of labor economics.[14] It is endowed with an award of 50,000 euros and is among the most prestigious economics awards worldwide.

In 2006, IZA also established the "IZA Young Labor Economist Award" to honor an outstanding published paper in labor economics written by researchers under 40 years of age at the time of publication. The prize money of 5,000 Euros is shared between the authors.[15] Winners include: