David Card, Joshua Angrist and Guido Imbens win the 2021 Nobel Prize in Economics for their analysis of the labor market – BBC News World

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Image source, Royal Swedish Academy of Sciences

This year’s Nobel Prize in Economics has been shared between the Canadian David Card, the American Joshua Angrist and the Dutch Guido Imbens.

When the award was announced on Monday, it was noted that the three economists used natural experiments to “answer important questions from society,” such as how to understand the connection between economic policies and other events.

Half of the award goes to David Card for his contribution to the economics of labor, while the other is shared by Angrist and Imbens for “his methodological contributions to the analysis of relationships betweenusesthem“.

The award ceremony will be on December 10 in Stockholm. The prize, which will be divided by the three, is SEK 10 million, the equivalent of approximately US $ 1.1 million.

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David Card, Joshua Angrist and Guido Imbens win the 2021 Nobel Prize in Economics for their analysis of the labor market – BBC News World

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