3 U.S. analysts share Nobel Memorial Prize in Economic Science

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fairly difficult
Three U.S. economists were awarded the Nobel Memorial Prize in Economic Science on Monday for their work on how the labor market is influenced by various factors, like minimum wage and immigration.
Officials announce the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on Monday. Photo by Claudio Bresciani/EPA-EFE

Oct. 11 (UPI) --

The Sveriges Riksbank Prize in Economic Sciences, which is a semiofficial Nobel Prize, was given to David Card, Joshua D. Angrist and Guido Imbens, the Royal Swedish Academy of Sciences announced.

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Card was awarded half of the prize and the other half was awarded to Angrist and Imbens.

A professor at the University of California, Berkeley, Card was recognized for "empirical contributions to labor economics." Angrist of the Massachusetts Institute of Technology and Imbens of Stanford University were noted for their "methodological contributions to the analysis of causal relationships."

The academy said that by using "natural…
Clyde Hughes
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