Page 5 - Peter Fredriksson News Today

When the phone rang around 2 a.m. telling David Card that he won the Nobel Prize for Economics, the Canadian-born economist thought it was a stunt.

STOCKHOLM — Three U.S-based economists — including one raised in Pittsburgh — won the 2021 Nobel prize for economics on Monday for pioneering research on the labor market impacts of minimum wage, immigration and education, and for creating the scientific framework to allow conclusions to be drawn from such studies

Guido Imbens, a Stanford University economist who received his Ph.D. from Brown in 1991, was recognized for his major role in analyzing causal relationships in the social sciences.

Angrist and Stanford's Guido Imbens were recognized for their framework for studying issues that can't rely on traditional scientific methods.

David Card, Joshua Angrist and Guido Imbens have researched topics like minimum wage and clarified what conclusions can be drawn from such studies.

The 2021 Nobel prize for economics on Monday was awarded to three U.S-based economists for work on so-called “natural experiments.”

The academy said 2021 Economics Nobel, goes to Economics Professors David Card, "for his empirical contributions to labour economics", and Joshua D. Angrist and Guido W. Imbens "for their methodological contributions to the analysis of causal relationships".

MALMÖ, Sweden, Oct. 11, 2021 /PRNewswire/ -- This year's Laureates - David Card, Joshua Angrist and Guido Imbens - have provided us with new insights about the labour market and shown what conclusions

The Chinese real estate developer has three more payments due Monday on its dollar bonds, and offshore bondholders are beginning to worry.

Three U.S-based economists won the 2021 Nobel prize for economics on Monday for work on drawing conclusions from unintended experiments, or so-called “natural experiments.”