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World

11. 10. 2021. 00:00   >>  15:46 0

CONTRIBUTIONS

Nobel Prize in Economics to three experts

The Royal Swedish Academy of Sciences has announced a decision to award the Nobel Prize in Economics, in memory of Alfred Nobel, which will be shared by three people this year.

Namely, half was awarded to David Card for his empirical contribution to labor economics, and the other half to Joshua D. Angrist and Guido W. Imbens for their methodological contribution to the analysis of cause-and-effect relationships.

 

"This year's laureates David Card, Joshua Angrist and Guido Imbens provided us with new insights into the labor market and showed what conclusions about cause and effect can be drawn from natural experiments. Their approach has expanded to other areas and revolutionized empirical research," the statement from the Royal Swedish Academy of Sciences said.

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