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Nobel Prize For Economic Sciences Has Been Awarded To David Card And Joshua D. Angrist And Guido W. Imbens – Nobel Prize 2021

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World Desk, Amar Ujala

Published by: Amit Mandal
Updated Mon, 11 Oct 2021 04:16 PM IST

Summary

The 2021 Nobel Prize for Economic Sciences has been given to these three experts.

Nobel Prize 2021 in Economic Science
– Photo : Social Media

The 2021 Nobel Prize for Economics has been given half to David Card and half to Joshua D. Angrist and Guido W. Imbel.

David Card is a Canadian economist and professor of economics at California Berkeley. He has been given this Nobel Prize for his contribution to labor economics. His studies in the early 1990s challenged conventional wisdom, leading to new analyzes and additional information. The results show that raising the minimum wage does not necessarily reduce jobs.

Whereas Joshua d’Angrist and Guido Imbens have received the Nobel Prize for their contribution to the analysis of formal relations. In the mid-1990s Joshua Angrist and Guido Imbens showed how to draw precise conclusions about cause and effect from natural experiments.

Expansion

The 2021 Nobel Prize for Economics has been given half to David Card and half to Joshua D. Angrist and Guido W. Imbel.

David Card is a Canadian economist and professor of economics at California Berkeley. He has been given this Nobel Prize for his contribution to labor economics. His studies in the early 1990s challenged conventional wisdom, leading to new analyzes and additional information. The results show that raising the minimum wage does not necessarily reduce jobs.

Whereas Joshua d’Angrist and Guido Imbens have received the Nobel Prize for their contribution to the analysis of formal relations. In the mid-1990s Joshua Angrist and Guido Imbens showed how to draw precise conclusions about cause and effect from natural experiments.

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