分享一篇诺奖得主David Card和Alan Krueger 1992年的paper
Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania
实验结论：保障最低工资增加了就业。
不知道你们看了有什么感想，反正奥派看了肯定要炸毛，比如懶瘫谭，东北网吧哥，炒house家，编造名人名言的大学教授，对了，还有金融口的炒股破产学家。
Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania
实验结论：保障最低工资增加了就业。
不知道你们看了有什么感想，反正奥派看了肯定要炸毛，比如懶瘫谭，东北网吧哥，炒house家，编造名人名言的大学教授，对了，还有金融口的炒股破产学家。
【2021年诺贝尔经济学奖授予3名科学家】 Three economists have won the 2021 Nobel Prize in Economics.
The Royal Swedish Academy of Sciences said on Monday it has decided to award the prize with one half to David Card, "for his empirical contributions to labor economics," and the other half jointly to Joshua D. Angrist and Guido W. Imbens, "for their methodological contributions to the analysis of causal relationships."
In a telephone interview on site, Imbens said he was "stunned" to the news and "thrilled to share the prize" with the other two laureates.
This year's laureates "have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments. Their approach has spread to other fields and revolutionized empirical research," according to a statement released by the academy.
Using natural experiments, Card has analyzed the labor market effects of minimum wages, immigration and education. His studies from the early 1990s challenged conventional wisdom, leading to new analyses and additional insights.
"The results showed, among other things, that increasing the minimum wage does not necessarily lead to fewer jobs," the statement said.
Data from a natural experiment are difficult to interpret. But in the mid-1990s, Angrist and Imbens solved this methodological problem, demonstrating how precise conclusions about cause and effect can be drawn from natural experiments, according to the statement.
"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," Peter Fredriksson, chair of the Economic Sciences Prize Committee, said in the statement.
Card, born in 1956 in Guelph, Canada, is the Class of 1950 Professor of Economics at the University of California, Berkeley, USA. Angrist, born in 1960 in Columbus, USA, is the Ford Professor of Economics at the Massachusetts Institute of Technology, Cambridge, USA. Imbens, born in 1963 in Eindhoven, the Netherlands, is the Applied Econometrics Professor and Professor of Economics at the Stanford University, USA.
The prize amount is 10 million Swedish kronor (US$1.14 million), with one half to Card and the other half jointly to Angrist and Imbens. (Xinhua)
The Royal Swedish Academy of Sciences said on Monday it has decided to award the prize with one half to David Card, "for his empirical contributions to labor economics," and the other half jointly to Joshua D. Angrist and Guido W. Imbens, "for their methodological contributions to the analysis of causal relationships."
In a telephone interview on site, Imbens said he was "stunned" to the news and "thrilled to share the prize" with the other two laureates.
This year's laureates "have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments. Their approach has spread to other fields and revolutionized empirical research," according to a statement released by the academy.
Using natural experiments, Card has analyzed the labor market effects of minimum wages, immigration and education. His studies from the early 1990s challenged conventional wisdom, leading to new analyses and additional insights.
"The results showed, among other things, that increasing the minimum wage does not necessarily lead to fewer jobs," the statement said.
Data from a natural experiment are difficult to interpret. But in the mid-1990s, Angrist and Imbens solved this methodological problem, demonstrating how precise conclusions about cause and effect can be drawn from natural experiments, according to the statement.
"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," Peter Fredriksson, chair of the Economic Sciences Prize Committee, said in the statement.
Card, born in 1956 in Guelph, Canada, is the Class of 1950 Professor of Economics at the University of California, Berkeley, USA. Angrist, born in 1960 in Columbus, USA, is the Ford Professor of Economics at the Massachusetts Institute of Technology, Cambridge, USA. Imbens, born in 1963 in Eindhoven, the Netherlands, is the Applied Econometrics Professor and Professor of Economics at the Stanford University, USA.
The prize amount is 10 million Swedish kronor (US$1.14 million), with one half to Card and the other half jointly to Angrist and Imbens. (Xinhua)
我膨胀了 [doge]
本周外刊精读打卡✅#英语精读#
第八篇：In the time for friends reunion，gen z discovers Jennifer Aniston‘s 90s outfits
第九篇：Was my facebook data leaked？
第十篇：To close the gender gap in wages，we need to start young
第十一篇：Can human creativity prevent mass unemployment
本周外刊精读打卡✅#英语精读#
第八篇：In the time for friends reunion，gen z discovers Jennifer Aniston‘s 90s outfits
第九篇：Was my facebook data leaked？
第十篇：To close the gender gap in wages，we need to start young
第十一篇：Can human creativity prevent mass unemployment
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