A Survey and Comment on the Work of Nobel Prize Winner in Economic Sciences in 2021

Abstract

Abstract: The 2021 Nobel Prize in Economic Science was awarded to three American economists, namely David Card, Joshua Angrist and Guido Imbens. Among them, the reason for Card won the prize for his "contribution to empirical research on labor economics". Angrist and Imbens won the award for their "methodological contribution to causality analysis". This paper attempts to sort out and summarize the research work of the three winners, and discuss what enlightenment and inspiration can be gained from of their research to guide the research on labor economics and causal inference theory in China.

Key words: The Prize in Economic Sciences in Memory of Alfred Nobel, Labor Economics, natural experiment, causal inference, local average treatment effect

Hu Yi, Ma Jian. A Survey and Comment on the Work of Nobel Prize Winner in Economic Sciences in 2021[J]. Management Review, 2021, 33(10): 3-11.

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