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SUNNYVALE, CA, October 14, 2004 – Liquid Engines, the provider of breakthrough corporate income tax management and quantitative planning software, today announced that the Institute for the Study of Labor (IZA) has named Edward P. Lazear, co-founder and chairman of Liquid Engines, as the winner of its 2004 Prize in Labor Economics. “Lazear is an exceptionally creative thinker, whose input has profoundly shaped both economic research and policy debates” the award statement said. The $62,000 prize will be awarded October 25 in Bonn, Germany.
“For years Ed has continued to provide the company with unparalleled insights and knowledge” said Gwen Spertell, president and CEO, Liquid Engines. “We are very happy for Ed and proud to have him as our co-founder and chairman.”
“His work is notable for the depth of the insights, the enormous range, the imagination with which he frames issues and illuminates them, and the sustained productivity over his professional career,” said Nobel Prize winner A. Michael Spence, Liquid Engines board member, professor emeritus and former dean of the Stanford Business School. “It is wonderful that he is receiving this recognition for his work, particularly creating and establishing the field of personnel economics in both our discipline and in management education.”
The Institute for the Study of Labor is a private non-profit organization that studies issues associated with the organization of labor in a rapidly developing globalized economic environment. The IZA prize is one of the largest international science awards in economics. The annual award was established by IZA to honor outstanding contributions to the scientific analysis of labor markets and labor policies. Lazear is only the third American to receive the prize.
In addition to his role as co-founder and chairman of Liquid Engines, Lazear is also the Jack Steele Parker Professor of Human Resources Management and Economics at Stanford Business School where he has taught since 1992. Additionally, he is the Morris Arnold Cox Senior Fellow at the Hoover Institution where he has been a senior fellow since 1985. By courtesy, he is a senior fellow at the Stanford Institute for Economic Policy Research.
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