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Three Awarded Winners Of Nobel Prize In Economics

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By Pelumi Emmanuel
Published: October 11, 2021 | 1:58 PM GMT

The 2021 Nobel Prize in Economics was awarded on Monday to three economists.

The Royal Swedish Academy of Sciences announced in Stockholm that David Card, Joshua Angrist and Guido Imbens will share the award.

Card, at the University of California, Berkeley, was given half of the award for analysing “the labour market effects of minimum wages, immigration and education”.

Angrist and Imbens received the other half of the award for “demonstrating how precise conclusions about cause and effect can be drawn from natural experiments”.

The award is worth 10 million Swedish kronor, which is roughly €988,000.

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About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.