Labour by Design: Contributions of David Card, Joshua Angrist, and Guido Imbens
Peter Hull, Michal Koles\'ar, Christopher Walters

TL;DR
This paper surveys the influential empirical and methodological contributions of David Card, Joshua Angrist, and Guido Imbens, highlighting how their work transformed applied microeconomics and causal analysis in labour economics.
Contribution
It provides a comprehensive overview of the laureates' work, emphasizing their impact on research design and causal inference methods in economics.
Findings
Transformative impact on labour economics research
Development of robust causal inference tools
Enhanced understanding of empirical research design
Abstract
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to David Card "for his empirical contributions to labour economics" and to Joshua Angrist and Guido Imbens "for their methodological contributions to the analysis of causal relationships." We survey these contributions of the three laureates, and discuss how their empirical and methodological insights transformed the modern practice of applied microeconomics. By emphasizing research design and formalizing the causal content of different econometric procedures, the laureates shed new light on key questions in labour economics and advanced a robust toolkit for empirical analyses across many fields.
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Taxonomy
TopicsEconomic Policies and Impacts · Monetary Policy and Economic Impact · Energy, Environment, Economic Growth
