David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel Prize for Economic Sciences.
Highlights:
David Card, Joshua Angrist and Guido Imbens won the Nobel Prize for their methodological contributions to the analysis of causal relationships.
These have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments.
This might help with pharmaceutical research and making chemistry greener.
The Nobel Prize for Economic Sciences was shared into equal parts for laureates.
Their strategy has spread to other fields and revolutionised empirical research
In 1968, Sweden’s central Bank established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize.