Stockholm: Three US-based economists David Card, Joshua D Angrist and Guido W Imbens have won the 2021 Nobel prize.
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 with one half to David Card, University of California, Berkeley, USA “for his empirical contributions to labour economics” and the other half jointly to Joshua D. Angrist, Massachusetts Institute of Technology, Cambridge, USA and Guido W. Imbens. Stanford University, USA “for their methodological contributions to the analysis of causal relationships”, a statement issued by the Royal Swedish Academy said.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded 53 times to 89 laureates between 1969 and 2021.
This year’s Laureates – David Card, Joshua Angrist and Guido Imbens – have provided with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments. Their approach has spread to other fields and revolutionised empirical research, the statement added.
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