Borjas co-wins prestigious economics prize
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 of Harvard University and Barry R. Chiswick of 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). The award ceremony will be held in Oslo, Norway, on Aug. 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...