The Nobel to Pioneers of Natural Experiments in Economics
The Nobel prize in economics to David Card, Joshua Angrist and Guido Imbens is an acknowledgement of their pioneering use of natural experiments in economics, comments Thomas Le Barbanchon, Labor economics professor at Bocconi. Card, for example, used such experimenting to study the effects of minimum wages, of migration and education. And Imbens to study the returns of education in terms of wages in the labor market.