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What have the 2021 Nobel laureates done for us?

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  • Jörn-Steffen Pischke

Abstract

The 2021 Nobel Prize in Economic Sciences was awarded to David Card, Joshua Angrist and Guido Imbens. Jörn-Steffen Pischke explains how the use of natural experiments in empirical economics, work in which they were pioneers, has ushered in much progress in the analysis of causal relationships, transforming the study of key policy challenges, including education, immigration and the minimum wage.

Suggested Citation

  • Jörn-Steffen Pischke, 2022. "What have the 2021 Nobel laureates done for us?," CentrePiece - The magazine for economic performance 621, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:621
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    Keywords

    immigration; schools; social mobility; wages; policy; equality;
    All these keywords.

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