IZA is an independent economic research institute that conducts research in labor economics and offers evidence-based policy advice on labor market issues. Supported by the Deutsche Post Foundation, IZA runs the worlds largest network of economists, whose research provides answers to the global labor market challenges of our time. Our key objective is to build bridges between academic research, policymakers and society. Research is being carried out on Evaluation of Labor Market Programs and Improving the effectiveness of policy instruments. To assess whether policies are efficient and whether allocating scarce resources to active labor market programs makes sense, it is pivotal to evaluate their effects using careful methods and high-quality data. Recently, rich administrative register data have become widely available, allowing us to discover which participants in a program actually benefit from it, how it affects those who do not participate, how large are its long-run effects and to what extent awareness of potential future program participation affects current behavior. To address these issues IZA experts apply a broad range of econometric and simulation approaches. Using these techniques IZA provides independent advice to policymakers–pursuing the objective to improve the effectiveness of policy instruments and to contribute to a more targeted allocation of financial resources. More than 1,300 renowned labor economists are affiliated with IZA as Research Fellows through its worldwide network. These influential economists are entitled to nominate candidates for the prize. The decision will be made by the IZA Prize Committee, which consists of distinguished economists.