David Card, born in 1956 in Guelph, Canada, was on Tuesday, awarded one half of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021. The other half was shared by Joshua Angrist and Guido Imbens.

The Royal Swedish Academy of Sciences said the three have “completely reshaped empirical work in the economic sciences.”

“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,” said Peter Fredriksson, chair of the Economic Sciences Committee.

Card is the Class of 1950 Professor of Economics at the University of California, Berkeley and Director of the Labor Studies Program at the National Bureau of Economic Research.

His research subjects include immigration, wages, education and gender-and race-related differences in the labor market. Card also co-authored the book Myth and Measurement: The New Economics of the Minimum Wage that had come out in 1995. He also co-edited The Handbook of Labor Economics (1999), Seeking a Premier Economy: The Economic Effects of British Economic Reforms (2004); and Small Differences that Matter: Labor Markets and Income Maintenance in Canada and the United States (1992).

Over the years, he has published over 125 journal articles and book chapters, his profile on the official website of Berkeley read.

From 1991 to 1995, David Card was the co-editor of Econometrica and of the American Economic Review from 2002 to 2005.

Before the University of California, he taught at Princeton University from 1983 to 1996. He also held visiting appointments at Columbia, Harvard, and the Center for Advanced Study in the Behavioral Sciences.

In 1995, the 2021 Nobel laureate was awarded the American Economic Association’s John Bates Clark Prize. This accolade is awarded every other year to the economist under 40 whose work is ascertained to have made the most significant contribution to the field.

In 2006, he was also a co-recipient of the IZA Labor Economics Award; and the BBVA Frontiers of Knowledge Prize in 2015, and was awarded the Frisch Medal by the Econometric Society in 2007.