David Card, Joshua D Angrist, Guido W Imbens win Nobel Prize for Economics

Stockholm, 11/10:Canadian David Card, Israeli-American Joshua Angrist and Dutch-American Guido Imbens on Monday won the Nobel Economics Prize for insights into the labour market and “natural experiments”, the jury said. The researchers were honoured for providing “”new insights about the labour market” and showing “what conclusions about cause and effect can be drawn from natural experiments”, the Nobel committee said in a statement.Half of the 10-million-kronor ($1.1 million, one million euro) prize went to Card, a professor at the University of California, Berkeley, who was born in Canada in 1956, “for his empirical contributions to labour economics.”

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