The 2021 Nobel Memorial Prize in Economic Sciences honored the work of David Card, Joshua Angrist and Guido Imbens, which changed the way that labor markets are studied. Card has made a career studying unintended experiments to examine economic questions — like whether raising the minimum wage causes people to lose jobs. Angrist and Imbens have developed research tools that help economists use real-life situations to test big theories, like how additional education affects earnings. https://nyti
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