: Three US-based economists win Nobel Prize for societal research #IndiaNEWS Three United States-based economists were on Monday awarded the Nobel Prize for economics for their research about use of
Three US-based economists win Nobel Prize for societal research #IndiaNEWS
Three United States-based economists were on Monday awarded the Nobel Prize for economics for their research about use of “natural experiments? on the impact of minimum wage, immigration and education on labour markets.Natural experiments use real-life situations to study impacts on the world as economists cannot conduct clinical trials like in medicine.David Card of the University of California at Berkeley was awarded one half of the prize, while the other half was shared by Joshua Angrist from the Massachusetts Institute of Technology and Guido Imbens from Stanford University.The Royal Swedish Academy of Sciences, which presents the Nobel Prize for economics every year, said that Card has been given the award “for his empirical contributions to labour economics?. Angrist and Imbens have been given the award “for their methodological contributions to the analysis of causal relationshippːPRSUΈH HݙYZؘ[ ^H[XۛZXY[[Y[[ܞHو[Yؙ[Y[]ؙY ]ۙH[ ]Yؙ[ H[[ H XH [ܚ[ZYˈ[X[ˈӛؙ[ ^H X˝ ] KۚZZMۉYHؙ[ ^H
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