Economics Nobel 2021 (Card, Angrist, Imbens) Lecture to Econometrics Students


On October 11, 2021, David Card, Joshua Angrist and Guido Imbens received the Nobel Memorial Prize in Economic Sciences for their work on causal inference. This lecture explains the contribution of the prize winners to undergraduate economics students and provides three examples of their work:

1) Card, David and Krueger, Alan, (1994), Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania, American Economic Review, 84, issue 4, p. 772-93.
2) Angrist, Joshua and Lavy, Victor, (1999), Using Maimonides’ Rule to Estimate the Effect of Class Size on Scholastic Achievement, The Quarterly Journal of Economics, 114, issue 2, p. 533-575.
3) Angrist, Joshua D., and William N. Evans. “Children and Their Parents’ Labor Supply: Evidence from Exogenous Variation in Family Size.” The American Economic Review, vol. 88, no. 3, American Economic Association, 1998, pp. 450–77,

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