The Society of Labor Economists has awarded the 2020 Sherwin Rosen Prize to Magne Mogstad for outstanding achievement in the field of labor economics. The prize was created in 2003 and is given to those labor economists who make the greatest contributions to the discipline within 12 years of receiving their PhD.

According to an article in the Journal of Labor Economics (July 2020), "Mogstad's research has generated important advances in core issues related to economic inequality and intergenerational mobility, human capital investments, the economics of the family, public economics and social policy and empirical methodology. He is an innovative leader in harnessing the power of large and rich administrative data sets combined with more credible identification strategies to generate new, compelling and policy-relevant insights into important social problems." The article highlights his broad contributions to topics including: "the importance of peer effects and family interactions in decisions to participate in social programs; the impact of technological change (broadband internet) on the labor market and some illicit activities (sex crimes); the estimation of labor market returns to years of schooling, vocational education, and field of study in college; the impacts of public subsidies for child care on parents and children; the impacts and operation of disability programs; the estimation of firm effects on wages and the implications for the importance of compensating wage differentials and rent sharing in wage inequality; the potential rehabilitative effects of incarceration; the impacts of assortative mating on inequality; and the nonexperimental estimation of treatment effects as well as the strengths and limitations of instrumental variable estimates."

Mogstad is the Gary S. Becker Professor of Economics at The University of Chicago where he has been a faculty member since 2014. He has been a co-editor of the Journal of Political Economy since 2017 and has served as co-editor of the Journal of Public Economics from 2015 to 2018.

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