description David Card Overview
David Card is a Canadian-American labor economist and professor at the University of California, Berkeley. He received half of the 2021 Nobel Memorial Prize in Economic Sciences for empirical contributions to labor economics, particularly his use of natural experiments to study minimum wages, immigration, and education. His research helped establish research designs that use real-world policy differences to estimate causal effects when controlled experiments are unavailable.
help David Card FAQ
What did David Card's New Jersey minimum-wage study find?
Card and Alan Krueger compared fast-food employment in New Jersey and Pennsylvania after New Jersey raised its minimum wage in 1992. Their study did not find the employment decline predicted by a simple competitive labor-market model.
Why did David Card receive part of the 2021 economics Nobel?
Card received half of the 2021 prize for empirical contributions to labor economics. The other half went jointly to Joshua Angrist and Guido Imbens for methods used to analyze causal relationships.
What is a natural experiment in David Card's research?
A natural experiment uses an external event or policy difference that exposes otherwise comparable groups to different conditions. Card applied this approach to questions involving minimum wages, immigration, and education.
What did Card's Mariel boatlift research conclude about immigration?
Card studied Miami after the 1980 Mariel boatlift rapidly increased its labor force. He found little evidence that the influx substantially reduced wages or employment among less-skilled existing workers in Miami.
explore Explore More
Reviews & Comments
Write a Review
Be the first to review
Share your thoughts with the community and help others make better decisions.
