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Empirical research consecrated by the Nobel Prize in economics

2021-10-11T15:20:59.942Z

North American researchers David Card, Joshua Angrist and Guido Imbens, specialists in experimental economics, have improved understanding of the labor market.



Does immigration lower wages? Difficult, for a classic question of economic research like this, to establish a truth based on scientific truth. Unlike the "hard" sciences, such as medicine, which can rely on randomized clinical trials, one cannot prove what would have happened in an alternate scenario - in this case, if there were no. no immigration. The Nobel Prize in economics rewarded three North American specialists in experimental economics on Monday, which allows this methodological obstacle to be circumvented.

Canadian David Card, researcher at the University of Berkeley, American Joshua Angrist, of the Massachusetts Institute of Technology, and Guido Imbens, professor at Stanford of Dutch origin, are specialists in research on the relations of cause and effect.

Their approach has spread to other areas and has revolutionized empirical research

,” said the Bank of Sweden's 53rd Prize committee in

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Source: lefigaro

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