THREE US-based academics on Monday won the Nobel Economics Prize for research that 'revolutionized' empirical work in their field and brought better understanding of how labor markets work, the jury said.
Canadian David Card, Israeli-American Joshua Angrist and Dutch-American Guido Imbens shared the prize for providing 'new insights about the labor market' and showing 'what conclusions about cause and effect can be drawn from natural experiments,' the Nobel committee said in a statement.
The winners of the 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (L-R) David Card from the University of California, Berkeley, USA, Joshua D. Angrist from the Massachusetts Institute of Technology, Cambridge, USA and Guido W. Imbens from the Stanford University, USA, are seen on a screen during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 11, 2021. Canadian David Card, Israeli-American Joshua Angrist and Dutch-American Guido Imbens won the Nobel Economics Prize for insights into the labour market and natural experiments, the jury said. Claudio BRESCIANI / TT NEWS AGENCY / AFP
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