Orley Ashenfelter

Orley Ashenfelter is an American economist known for his work in labor economics and the economics of education. He gained recognition for developing statistical methods to assess the impacts of various factors on wages and employment. His most notable contribution is the "Ashenfelter model," which estimates the returns to education and analyzes the labor market. Additionally, he has researched the economics of wine, exploring how climate and terroir influence wine prices. His work has significantly influenced policy discussions regarding education and labor market dynamics. Ashenfelter is also a professor at Princeton University.