2021 Economics Prize winner: David Card, Joshua D. Angrist and Guido W. Imbens have been jointly awarded the 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
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.”
BREAKING NEWS:
— The Nobel Prize (@NobelPrize) October 11, 2021
The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens.#NobelPrize pic.twitter.com/nkMjWai4Gn
2021 Economic Prize Winners
The 2021 economic prize winners have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments.
One of the winners of the prize, David Card has analysed the labour market effects of minimum wages, immigration and education. He along with late Alan Krueger had used a natural experiment to investigate how increased minimum wages affect employment.
In one example David Card – awarded the 2021 prize in economic sciences – and Alan Krueger (now deceased) used a natural experiment to investigate how increased minimum wages affect employment.#NobelPrize pic.twitter.com/k9lk1684AI
— The Nobel Prize (@NobelPrize) October 11, 2021
The other two laureates, who were jointly awarded one half of the prize, Joshua Angrist and Guido Imbens showed what conclusions about cause and effect can be drawn from natural experiments. The framework developed by them has been widely adopted by researchers who work with observational data.
2021 economic sciences laureates Joshua Angrist and Guido Imbens showed what conclusions about cause and effect can be drawn from natural experiments. The framework developed by them has been widely adopted by researchers who work with observational data.#NobelPrize
— The Nobel Prize (@NobelPrize) October 11, 2021
Overall, the 2021 economic sciences laureates have revolutionised empirical research in the social sciences and improved the ability of the research community to answer questions of great importance to us all.
The work of the 2021 economic sciences laureates has revolutionised empirical research in the social sciences and significantly improved the ability of the research community to answer questions of great importance to us all.#NobelPrize
— The Nobel Prize (@NobelPrize) October 11, 2021
First female winner of Economics Prize
Elinor Ostrom was the first woman to be awarded the Sveriges Riksbank Prize in economic sciences for work on human cooperation.
Elinor Ostrom was the first woman to be awarded the prize in economic sciences. She was awarded the prize for work on human cooperation.
— The Nobel Prize (@NobelPrize) October 11, 2021
Who will be awarded the prize in economic sciences this year? pic.twitter.com/qgBxQXFRBq
2019 Prize Economics winner
The 2019 Nobel Prize in Economic Sciences was awarded to colleagues and married couple Esther Duflo and Abhijit Banerjee. They had shared the award with their colleague Michael Kremer.
In 2019, colleagues and married couple Esther Duflo and Abhijit Banerjee received the news that they had been awarded the 2019 prize in economic sciences. They shared the award with colleague Michael Kremer.
— The Nobel Prize (@NobelPrize) October 11, 2021
Who will receive the call this year? Stay tuned to find out very soon. pic.twitter.com/J0Ua32oW3W
About Prize in Economic SciencesThe Prize in Economic Sciences was established by Sweden's central bank, Sveriges Riksbank in 1968 in the memory Alfred Nobel, founder of the Nobel Prize. It is not a nobel prize but is awarded according to the same principles for the Nobel Prizes that have been awarded since 1901. The Prize is based on a donation received by the Nobel Foundation from Sveriges Riksbank in 1968 on the bank's 300th anniversary. The first Prize in Economic Sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969. The Prize is awarded by the Royal Swedish Academy of Sciences in Stockholm. The Sveriges Riksbank Prize in Economic Sciences has been awarded 52 times to 86 laureates between 1969 and 2020. |
Sveriges Riksbank Prize in Economic Sciences Winners List
Sveriges Riksbank Prize in Economic Sciences 2020 - Paul R. Milgrom and Robert B. Wilson
Sveriges Riksbank Prize in Economic Sciences 2019 - Abhijit Banerjee, Esther Duflo and Michael Kremer
Sveriges Riksbank Prize in Economic Sciences 2018 - William D. Nordhaus, Paul M. Romer
Sveriges Riksbank Prize in Economic Sciences 2017 - Richard H. Thaler
Sveriges Riksbank Prize in Economic Sciences 2016 - Oliver Hart and Bengt Holmström
Sveriges Riksbank Prize in Economic Sciences 2015 - Angus Deaton
Sveriges Riksbank Prize in Economic Sciences 2014- Jean Tirole
Sveriges Riksbank Prize in Economic Sciences 2013 - Eugene F. Fama, Lars Peter Hansen and Robert J. Shiller
Sveriges Riksbank Prize in Economic Sciences 2012 - Alvin E. Roth and Lloyd S. Shapley
Sveriges Riksbank Prize in Economic Sciences 2011 - Thomas J. Sargent and Christopher A. Sims
Sveriges Riksbank Prize in Economic Sciences 2010 - Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides
Sveriges Riksbank Prize in Economic Sciences 2009 - Elinor Ostrom, Oliver E. Williamson
Sveriges Riksbank Prize in Economic Sciences 2008 - Paul Krugman
Sveriges Riksbank Prize in Economic Sciences 2007 - Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson
Sveriges Riksbank Prize in Economic Sciences 2006 - Edmund S. Phelps
Sveriges Riksbank Prize in Economic Sciences 2005 - Robert J. Aumann and Thomas C. Schelling
Sveriges Riksbank Prize in Economic Sciences 2004 - Finn E. Kydland and Edward C. Prescott
Sveriges Riksbank Prize in Economic Sciences 2003 - Robert F. Engle III, Clive W.J. Granger
Sveriges Riksbank Prize in Economic Sciences 2002 - Daniel Kahneman, Vernon L. Smith
Sveriges Riksbank Prize in Economic Sciences 2001 - George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz
Sveriges Riksbank Prize in Economic Sciences 2000 - James J. Heckman, Daniel L. McFadden
Image Source: Nobel Prize/ Twitter
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