The Neustadt International Prize for Literature is a biennial award for literature sponsored by the University of Oklahoma and its international literary publication, World Literature Today. It is considered one of the more prestigious international literary prizes, often compared with the Nobel Prize in Literature and referred to as the "American Nobel" because of its record of 30 laureates, candidates or jurors who in 42 years have been awarded Nobel Prizes following their involvement with the Neustadt Prize. Like the Nobel, it is awarded not for any one work, but for an entire body of work.