Page 6 - Peter Fredriksson News Today

When the phone rang around 2 a.m. telling David Card that he won the Nobel Prize for Economics, the ...

David Card showed that large waves of unskilled immigration do not undermine local workers’ job prospects or wages

Trio has ‘completely reshaped empirical work in the economic sciences’

Past Nobel Economics prizes have been dominated by US institutions and this was no exception

The Nobel Prize in Economics for 2021 is bagged by David Card, Guido W. Imbens, and Joshua D. Angrist, all based in the USA.

David Card of the University of California at Berkeley, Joshua Angrist from the MIT and Guido Imbens from Stanford University were the winners.

Canadian economist David Card is among the three winners of the 2021 Nobel prize for economics on Monday for pioneering research on the labour market impacts of minimum wage, immigration and education.

A U.S.-based economist won the Nobel prize for economics Monday for pioneering research that showed an increase in minimum wage does not lead to less hiring and immigrants do not lower pay for native-born workers, challenging commonly held ideas. Two others shared the award for creating a way to study these types of societal issues.

A Canadian, Guelph-born David Card, is among the three U.S-based economists awarded the 2021 Nobel prize for economics on Monday

The work by David Card of the University of California, Berkely, challenges two commonly held ideas on the field of economics, meaning his theories could reshape economic policy around the world.