Empirical economists win Nobel Prize

Nobel prize
Photo: Flickr/Adam Baker
David Card

Three empirical economists were revealed today (October 11) as the joint winners of this year’s Nobel Prize for Economics.

David Card won the prize for “new insights about the labour market”, while Josh Angrist and Guido Imbens were recognised for their investigation of “cause and effect” using natural experiments.

“Their approach has spread to other fields and revolutionised empirical research,” the Nobel Prize committee said of the three winners.

Josh Angrist

Card’s research has

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