STOCKHOLM, Oct 11 — Canadian David Card, Israeli-American Joshua Angrist and Dutch-American Guido Imbens today won the Nobel Economics Prize for insights into the labour market and “natural experiments”, the jury said.
Half of the 10-million-kronor prize went to Card, a professor at the University of California, Berkeley, who was born in Canada in 1956, “for his empirical contributions to labour economics.”The other half went jointly to Angrist, 61, a professor at the Massachusetts Institute of Technology , and Imbens, 58, a professor at Stanford, “for their methodological contributions to the analysis of causal relationships.”The three laureates “have revolutionised empirical work in economics.
Last year, the honour went to US economists Paul Milgrom and Robert Wilson for their work on theories of auctions as well as inventing new auction formats.
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