The prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of this year's crop of Nobels and sees the winners share a sum of 10 million Swedish crowns ($1.14 million).
The official Twitter feed of the Nobel Prize (@NobelPrize #NobelPrize) has tweetted earlier today that:
David Card has been awarded the 2021 prize in economic sciences “for his empirical contributions to labour economics.”
Joshua D. Angrist and Guido W. Imbens have been awarded the 2021 prize in economic sciences “for their methodological contributions to the analysis of causal relationships.”
It is noted that Joshua David Angrist is an Israeli American economist and Ford Professor of Economics at the Massachusetts Institute of Technology. His research interests include the economics of education and school reform, social programmes and the labour market, the effects of immigration, labour market regulation and institutions, and econometric methods for programme and policy evaluation.
Guido Wilhelmus Imbens is a Dutch-American economist. He is Professor of Economics at the Stanford Graduate School of Business since 2012. His research focuses on developing methods for drawing causal inferences in observational studies, using matching, instrumental variables, and regression discontinuity designs.
While David Edward Card is a Canadian labour economist and Professor of Economics at the University of California, Berkeley. His research interests include inequality, racial disparities, education, and immigration.
