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2023 Royal Economic Society Prize

RES Prize 2023-04

The RES is pleased to announce that the 2023 Royal Economic Society Prize has been awarded to Fabio Cerina, Elisa Dienesch, Alessio Moro and Michelle Rendall for ‘Spatial Polarisation’.

The prize-winning article was published in the January 2023 issue of The Economic Journal. You can read the article Free to View here.

The Prize was awarded for the following reasons:

  • This innovative article in the timely literature of labour supply polarisation evidences the emergence of spatial polarisation.
  • The authors highlight a novel channel for polarisation – the role of increased consumption demands by highly skilled workers for lower skilled services.
  • The applied work is framed within a rigorous theoretical model, showcasing the importance of the channel and of the policy consequences relevant to redistribution and inequalities.

The winners of the 2023 Royal Economic Society Prize Fabio Cerina, Elisa Dienesch, Alessio Moro and Michelle Rendall said:

“When higher-skilled workers locate in large cities, because of better work opportunities for them, they create a strong demand for services produced by lower-skilled workers, thereby attracting them to these locations. This is what we label Spatial Polarization,”

“Being published in The Economic Journal, a cornerstone for groundbreaking economic ideas once edited by Keynes himself, is a true honor for us. It’s exciting to think our work now shares a space with many of the seminal papers that have shaped our field. We hope it inspires as much debate and discovery as those that came before us.”

The Prize is awarded annually for the best paper published in The Economic Journal by a committee consisting of the RES President, the Editor-in-Chief and one member of RES Council.

The 2023 Royal Economics Society Prize will be received by Fabio Cerina and Elisa Dienesch on behalf of all authors on 26 March at the gala dinner of the annual Royal Economic Society Conference in Belfast.