IZA is a private, independent research institute, which conducts nationally and internationally oriented labor market research. Operating as a non-profit limited liability company, it draws financial support from the research-sponsoring activities of the Deutsche Post Foundation. Prof. Dr. Klaus F. Zimmermann heads the institute as Director.
IZA sees itself as an international research institute and a place for communication between academic science, politics, and economic practice. A number of renowned economists involved in specific research projects cooperate with IZA, either internally or on a "virtual" basis. IZA also takes an active part in international research networks.
 In conducting labor market research, IZA cooperates closely with the Economics Department at the University of Bonn, where IZA Director Klaus F. Zimmermann holds a position as full professor of economics. IZA plays a central role in the department's graduate education program at the Bonn Graduate School of Economics (BGSE). On a regular basis, IZA offers lectures and seminars in econometrics and labor market economics. The institute also co-organizes the weekly Bonn Economics Research Seminar.
Beyond fundamental research, IZA offers policy advice on today's labor market issues and provides relevant information to the general public.
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