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The Society of Labor Economists exists for the purpose of exchanging research at its annual meeting. Beginning in 2000, SOLE affiliated with the European Association of Labor Economics (EALE) and every five years the two hold a joint meeting, alternating the hosting responsibilities. These joint meetings attract over 500 participants and feature 400 academic presentations. In 2004, the Society expanded its role to include the establishment of Fellows and the presentation of annual awards to distinguished researchers in labor economics.