Other Stories

Full Video

3 economists awarded Nobel Prize for work on natural experiments Updated: 2021-10-12 13:44:20 KST

This year's Nobel Prize in Economics was awarded to a trio who used natural experiments -- those analyzing real-life situations-- and showed that they could help to answer some of society's most pressing questions, from minimum wage to migration.
Those sharing the award are U.S. based economists David Card, Joshua Angrist and Guido Imbens.
David Card of the University of California, was recognized for his work on how minimum wage, immigration and education affect the labor market.
His work showed how an increase in the minimum wage does not necessarily lead to fewer jobs.
Joshua Angrist and Guido Imbens jointly shared the prize for their framework on the study of these kinds of real-life issues that cannot rely on traditional scientific methods.
KOGL : Korea Open Government License
본 저작물 중 본문에 해당하는 뉴스 스크립트(텍스트)는 공공누리 제1유형-출처표시 조건에 따라 이용할 수 있습니다.