 In 1995, Blundell received the Yrjö Jahnsson Award, given by the European Economic Association every two years to the best young economist in Europe, for his work in microeconometrics and the analysis of labour supply, welfare reform and consumer behaviour.In 2000 he was awarded the Econometric Society's Frisch Medal, awarded every two years for empirical or theoretical applied research published in "Econometrica" during the previous five years.In 2008 he was recipient of the Jean-Jacques Laffont Prize 2008 given by the Toulouse School of Economics to an international high level economist whose research combines both the theoretical and applied aspects of economics.