IZA Institute of Labor Economics
The IZA - Institute of Labor Economics (), 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. History Founded in 1998, IZA is a non-profit limited-liability organization supported by the Deutsche Post Foundation and other national and international sources. Restructuring 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. Work 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. , the RePEc ranks IZA second of the top worldwide economic institutions in the field of labour economics as well as second of the top worldwide think tanks. In Germany it is the number one top economic institution.