Natural experiments win trio the Nobel Prize in Economics

Three US-based academics yesterday won the Nobel Prize in Economics 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.
Card’s work has focused on the labor market effects of minimum wages, immigration and education. Angrist and Imbens demonstrated how precise cause and effect conclusions can be.
Half of the

Related Keywords

Berkeley ,California ,United States ,Netherlands ,Stockholm ,Sweden ,Israel ,Stanford University ,Canada ,Israeli ,Swedish ,Canadian ,American ,Dutch ,Elinor Ostrom ,Esther Duflo ,David Card ,Eva Mork ,Guido Imbens ,Joshua Angrist ,Josh Angrist ,University Of California ,Nobel Committee ,Massachusetts Institute Of Technology ,Reuters ,Royal Swedish Academy Of Sciences ,Nobel Prize ,Israeli American Joshua Angrist ,Dutch American Guido Imbens ,Royal Swedish Academy ,Massachusetts Institute ,Sveriges Riksbank Prize ,Economic Sciences ,Alfred Nobel ,台北時報 ,The Taipei Times ,