Secretary General of the Royal Swedish Academy of Sciences Professor Göran K. Hansson announced the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel during a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 was divided, one half awarded to David Card “for his empirical contributions to labour economics”, the other half jointly to Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships.”
“Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge. Their research has substantially improved our ability to answer key causal questions, which has been of great benefit to society,” said Peter Fredriksson, chair of the Economic Sciences Prize Committee.