IFS Research Director, Professor Sir Richard Blundell, has been awarded the Erwin Plein Nemmers Prize in Economics for his "important contributions to labor economics, public finance and applied econometrics".
The Nemmers Prize is awarded for achievement and work of lasting significance in the field of economics. In particular, the prize recognizes major contributions to new knowledge or the development of significant new modes of analysis. Recipients are selected in even-numbered years, and as a condition of the award, spend several weeks in residence at Northwestern University interacting with students and faculty.
Blundell is the first British winner of this prestigious prize, often considered second only to the Nobel prize. His work covers the empirical microeconomic study of consumer, savings and labor supply behavior. He has developed micro-data based models for intertemporal decisions over labor supply, human capital and consumption. Blundell also has analyzed family labor supply behavior and the interaction between consumer and labor supply behavior, while developing new microeconometric tools for the study of dynamic panel data models and the nonparametric analysis of individual decisions.
As the prize winner, Professor Blundell will give the Nemmers Prize Lecture on "Household Behaviour and the Dynamics of Inequality" on Wednesday 17 May 2017 at Northwestern University.
Professor Sir Richard Blundell (Institute for Fiscal Studies and University College London), Professor Larry Christiano (Chair of Economics department, Northwestern) and Dan Linzer (Provost of Northwestern).
Professor Sir Richard Blundell delivering his lecture.