Pittsburgh-raised researcher wins Nobel Prize in economics with 2 others

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fairly difficult
STOCKHOLM — Three U.S-based economists — including one raised in Pittsburgh — won the 2021 Nobel prize for economics on Monday for pioneering research on the labor market impacts of minimum wage, immigration and education, and for creating the scientific framework to allow conclusions to be drawn from such studies
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that can't use traditional methodology.

Joshua Angrist from the Massachusetts Institute of Technology and Dutch-born Guido Imbens, 58, from Stanford University were awarded half of the prize. According to the Pittsburgh Jewish Chronicle, Angrist attended the Wightman School, Linden Elementary School and Pittsburgh Allderdice.

The other half of the prize was given to Canadian-born David Card of the University of California at Berkeley was awarded one half of the prize.

The Royal Swedish Academy of Sciences said the three have "completely reshaped empirical work in the economic sciences."

"Card's studies of core questions for society and Angrist and Imbens' methodological contributions have shown that natural experiments are a rich source of knowledge," said Peter Fredriksson, chair of the Economic Sciences Committee. "Their research has substantially improved our ability to answer key causal questions, which has been of great benefit for society."

Card worked on research that used restaurants in New Jersey and in eastern Pennsylvania to measure the effects of increasing the…
Associated Press
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