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Felix Koenig wins the EALE Young Labour Economists Prize 2020

30 June 2020

Congratulations to Dr Felix Koenig on winning the 2020 Young Labour Economist Prize from the European Association of Labour Economists (EALE).

The prize was awarded for his CEP discussion paper: Technical Change and Superstar Effects: Evidence from the roll-out of television.

The prize jury described the paper as very innovative saying that it uses the launch of television as a natural experiment for studying superstar effects in the entertainment sector.

The jury said: “The data collection effort, knowledge of the industry and the historical context is very impressive. The identification strategy is very clear and has a strong underlying framework.

“The findings show that the increase in production scalability has profound effects on inequality. In this setting, the share of income going to the top 1% nearly doubles, whereas many workers further down the ‘talent distribution’ end up out of work.

“In this original, well-written paper, Felix shows how great scholarship can contribute to understanding of important contemporary issues.”

Dr Koenig is a postdoctoral researcher at Princeton University and an incoming assistant professor at Carnegie Mellon University. He is an associate of the CEP Labour Markets programme.