3 U.S. economists split Nobel Prize for 'natural experiments' on labor markets

theweek.com
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fairly difficult
3 U.S.-based economists split Nobel Prize for using 'natural experiments' to topple labor market assumptions
The Royal Swedish Academy of Sciences awarded the 2021 Nobel Prize in economics early Monday to three economists in the U.S., David Card At U.C. Berkeley, Joshua D. Angrist at MIT, and Guido W. Imbens at Stanford, for having "provided us with new insights about the labor market and shown what conclusions about cause and effect can be drawn from natural experiments," the Nobel committee said. "Their approach has spread to other fields and revolutionized empirical research."

BREAKING NEWS: The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens.#NobelPrize pic.twitter.com/nkMjWai4Gn — The Nobel Prize (@NobelPrize) October 11, 2021

Card, who was awarded…
Peter Weber
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