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2021 NOBEL MEMORIAL PRIZE IN ECONOMIC SCIENCES

2021 NOBEL MEMORIAL PRIZE IN ECONOMIC SCIENCES

Context:

USA economists Joshua Angrist, David Card, and Guido Imbens Wins 2021 Nobel Memorial Prize in Economic Sciences.

About the Award:

  • The 2021 Nobel Prize in Economic Sciences has been awarded in 2 parts, the 1st half has been awarded to David Card “for his empirical contributions to labour economics”
  • The 2nd half has been awarded jointly to Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships.”
  • The award is officially known as the Sveriges Riksbank Prize in Economic Sciences.
  • In Memory of Alfred Nobel 2021, the laureates in economic sciences are selected by the Royal Swedish Academy of Sciences in Stockholm.
  • The winner gets a gold medal and a cash award of 10 million Swedish krona ($1.12 million).

Joshua Angrist:

  • He is an Israeli American economist and Ford Professor of Economics at the Massachusetts Institute of Technology.
  • He ranks among the world's top economists in labour economics, urban economics, and the economics of education.
  • Angrist and Imbens shared one half of the Nobel Memorial Prize in Economic Sciences "for their methodological contributions to the analysis of causal relationships.

David Card:

  • He is a Canadian American labour economist and professor of economics at the University of California, Berkeley.

Guido Imbens:

  • He is a Dutch American economist.

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