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Scientist David Card was awarded one half of the Nobel prize, while the other half was shared by Joshua Angrist and Guido Imbens for their work on unintended experiments - or 'natural experiments'
The former Hebrew University of Jerusalem Associate Professor won the prize with Guido Imbens and David Card.
The three were honored for delving into unintended experiments, such as the impact of a minimum-wage increase across state lines.
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.
Economists David Card, Joshua Angrist and Guido Imbens won the 2021 Nobel economics prize on Monday for pioneering "natural experiments" to show real-world economic impacts in areas from the U.S. fast-food sector to migration from Castro-era Cuba.