John H. Pencavel is a British economist and academic, currently serving as Levin Professor of Economics (Emeritus) at

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

, having been at the institution since 1969. He is a Fellow of the

Econometric Society The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics. It is an independent organization with no connections to societies of professional mathematicians o ...

(1993), Fellow of University College London (2001), Fellow of the Society of Labor Economists (2004), and Distinguished Fellow of the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics, with approximately 23,000 members. It publishes several peer-reviewed journals, including the Journal of Economic Literature, American Economic Review, an ...

Career

Pencavel grew up in

Hanwell Hanwell () is a town in the London Borough of Ealing. It is about west of Ealing Broadway and had a population of 28,768 as of 2011. It is the westernmost location of the London post town. Hanwell is mentioned in the Domesday Book of 1086. St ...

, West London, attending

Drayton Manor Grammar School Drayton may refer to: People * Drayton (surname) Legal cases * ''United States v. Drayton'', 536 U.S. 194 (2002) Places Australia *Drayton, Queensland, a locality in the Toowoomba Region *Shire of Drayton, a former local government area in Queen ...

. He then went on to read Economics at

University College London University College London (Trade name, branded as UCL) is a Public university, public research university in London, England. It is a Member institutions of the University of London, member institution of the Federal university, federal Uni ...

, gaining both a BSc (1965) and MSc (1966), before receiving his PhD from

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

in 1969. In 2005, he was made President of the Society of Labor Economists, and in 2014 was made President of the Western Economic Association. Pencavel's major contributions lie within labour economics, focussing on behavioural models of

trade unions A trade union (British English) or labor union (American English), often simply referred to as a union, is an organization of workers whose purpose is to maintain or improve the conditions of their employment, such as attaining better wages ...

, and modelling

worker cooperatives A worker cooperative is a cooperative owned and self-managed by its workers. This control may mean a firm where every worker-owner participates in decision-making in a democratic fashion, or it may refer to one in which management is elected by ...

. Pencavel is also the creator of the JEL Classification System, used in an amended form by the AEA to this day.

Awards

Pencavel was awarded a

Guggenheim Fellowship Guggenheim Fellowships are Grant (money), grants that have been awarded annually since by the John Simon Guggenheim Memorial Foundation, endowed by the late Simon Guggenheim, Simon and Olga Hirsh Guggenheim. These awards are bestowed upon indiv ...

in 1978, and the

Jacob Mincer Award The Jacob Mincer Award is an economic award issued by the Society of Labour Economists (SOLE) honouring lifetime contributions to the field of labour economics. Initially named the "Career Achievement Award for Lifetime Contributions to the Field ...

for lifetime contributions to labour economics in 2008.

References

{{DEFAULTSORT:Pencavel, John 20th-century British economists 21st-century British economists Alumni of University College London Econometricians Fellows of the Econometric Society Labor economists Living people People educated at Drayton Manor High School People from Hanwell Princeton University alumni Stanford University faculty Year of birth missing (living people)