Pencavel grew up in
Hanwell, West London, attending
Drayton Manor Grammar School. He then went on to read Economics at
University College London, gaining both a BSc (1965) and MSc (1966), before receiving his PhD from
Princeton University 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, and modelling
worker cooperatives. 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 in 1978, and the
Jacob Mincer Award for lifetime contributions to labour economics in 2008. ==References==