The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021 with one half to David Card “for his empirical contributions to labour economics” and the other half jointly to Joshua Angrist and Guido Imbens. The award was in contribution   “for their methodological contributions to the analysis of causal relationships” 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 revolutionised empirical research.

FACTS AND FIGURES

  • In 1968, Sveriges Riksbank (Sweden’s central bank) established this Prize in memory of Alfred Nobel, founder of the Nobel Prize.
  • The oldest Laureate in Economic Sciences to date is Leonid Hurwicz, who was 90 years old when he was awarded in 2007. He is also the oldest Laureate to be awarded in all Prize categories.
  • To date, the youngest Laureate in Economic Sciences is Esther Duflo followed by Kenneth J. Arrow, who was 51 years old when he was awarded in 1972.
  • Elinor Ostrom was the first female Laureate in Economic Sciences. Elinor Ostrom was awarded the Prize in 2009.
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