Dear NBER Board Members, Researchers, and Staff -
Please join me in congratulating Research Associates Joshua
Angrist, David Card, and Guido Imbens who this morning were awarded the
2021 Nobel Memorial Prize in Economic Sciences for uncovering “new
insights about the labor market” and showing “what conclusions about
cause and effect can be drawn from natural experiments.”The Royal
Swedish Academy of Sciences, in announcing the prize, explained that
“Card’s studies of core questions for society, and Angrist and Imbens’
methodological contributions, have shown that natural experiments are a
rich source of knowledge.Their research has substantially improved our
ability to answer key causal questions, which has been of great benefit
to society.”The research carried out by these three scholars has not
only informed the study of the labor market.It has more broadly
transformed virtually every sub-field of empirical economics.
The Academy released both a high-level summary of the laureates’
contributions:
https://www.nobelprize.org/prizes/economic-sciences/2021/popular-information/
and a longer explanation of their work:
https://www.nobelprize.org/uploads/2021/10/advanced-economicsciencesprize2021.pdf
Angrist is the Ford Professor of Economics at MIT, Card is the
Class of 1950 Professor of Economics at the University of California,
Berkeley, and Imbens is the Applied Econometrics Professor and Professor
of Economics at the Stanford University Graduate School of Business, and
a Senior Fellow at the Stanford Institute of Economic Policy
Research.All three are affiliated with the NBER Labor Studies Program,
which Card directed for nearly a decade.Angrist and Card are also
affiliated with the NBER programs on Children and Education, and Card
with the Economics of Aging program.
All best wishes.
Jim Poterba
Received on Mon Oct 11 2021 - 07:32:13 EDT
