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The 2021 Nobel Memorial Prize in Economic Sciences was divided one half awarded to the American-Canadian David Card "for his empirical contributions to labour economics", the other half jointly to Israeli-American Joshua Angrist and Dutch-American Guido W. Imbens "for their methodological contributions to the analysis of causal relationships." The Nobel Committee stated their reason behind the decision, saying:
"This year's Laureates – David Card, Joshua Angrist and Guido Imbens – have shown that natural experiments can be used to answer central questions for society, such as how minimum wages and immigration affect the labour market. They have also clarified exactly which conclusions about cause and effect can be drawn using this research approach. Together, they have revolutionised empirical research in the economic sciences."
References
- ↑ "Dan Bernhardt". illinois.edu. Retrieved May 13, 2017.
- ↑ "CV" (PDF). warwick.ac.uk. Retrieved May 13, 2017.
- ↑ "Dan Bernhardt". illinois.edu. Retrieved Jan 4, 2021.
- ↑ "Dan Bernhardt". illinois.edu. Retrieved Jan 4, 2021.
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