David Edward Card, a distinguished scholar in the field of economics at the renowned University of California Berkeley, and a Canadian-American labor economist of eminence, was deemed the worthy recipient of a highly coveted accolade in 2021 – the Nobel Memorial Prize in Economic Sciences. His empirical contributions to the study of labor economics, which are highly regarded in academic circles, earned him half of this prestigious award, with the other half being conferred upon Joshua Angrist.
During the early stages of his career, Card was employed as an Assistant Professor of Business Economics at the University of Chicago Graduate School of Business, where he fulfilled this role with great proficiency from 1982 to 1983. After which, he graced the halls of Princeton University, where he served as an esteemed professor for a period of fourteen years, spanning from 1983 to 1997. Eventually, he moved to Berkeley, where he currently lectures in his areas of expertise. The coveted Nobel Prize in Economics of the year 2021 was bestowed upon the prominent trio of David Card, Joshua Angrist, and Guido Imbens. The Nobel Committee was effusive in its praise, lauding the three economists for their monumental contributions to the field of empirical research in social sciences.
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David Card Biography/Wiki
David Card was born in Guelph (Ontario) in 1956. He will be 65 in 2021. David is an American-Canadian citizen. He was talking about David Card’s parents. At the moment, there is not much information about David’s parents. He will likely keep his parents’ privacy from the media.
Rumors have David being married. At the moment, however, there are no details about his wife. His family might be well-established and peaceful.
David Card’s Career: A Labor Economist Making Significant Contributions
David Edward Card is a Canadian-American labor economist who currently holds a position as a professor of economics at the University of California, Berkeley. He is highly regarded in his field, having made several significant contributions to economic theory and research.
Card began his career as an Assistant Professor of Business Economics at the University of Chicago Graduate School of Business in 1982, where he worked until 1983. Following this, he taught at Princeton University from 1983 to 1997 before joining the faculty at Berkeley.latestcelebarticles
During his academic career, Card served as the Associate Editor of the Journal of Labor Economics from 1988 to 1992, and as the co-editor of Econometrica from 1993 to 1997. He was also the co-editor for The American Economic Review between 2002 and 2005.
In recognition of his outstanding work, Card was awarded the John Bates Clark Medal in 1995. This prestigious award is given to an American economist under the age of 40 who has made the most significant contribution to economic theory and research. In addition, he delivered the Richard T. Ely Lecture at the American Economic Association in San Francisco in 2009.
In a poll of economists, Card was voted as the fifth-best living economist under the age of 60. He was also elected as the vice-president of the American Economic Association in 2014, alongside N. Gregory Mankiw.
Most recently, in 2021, Card was elected to the National Academy of Sciences of the United States, and he also received the Nobel Prize in Economic Sciences. These honors are a testament to his exceptional contributions to the field of economics.
David Card Receives Nobel Prize in Economics 2021
On Monday, the Royal Swedish Academy of Sciences awarded the Nobel Memorial Prize in Economic Sciences to three economists from the United States for their groundbreaking work in analyzing real-world economic events and their causes and effects.
One of the recipients of the prize was David Card, a professor of economics at the University of California, Berkeley. The other two recipients were Joshua Angrist of the Massachusetts Institute of Technology and Guido Imbens of Stanford University. The three men will share a prize of 10,000,000 Swedish Kronor ($1.1 Million).nobelprize
According to Peter Fredriksson, the chair of the Economic Sciences Prize Committee, Card’s research has been instrumental in answering key causal questions for society. Angrist’s contributions to methodology and Card’s use of natural experiments have demonstrated the significant benefits of empirical research for the social sciences.
The committee believes that the work of these three economists has revolutionized empirical research in the field of economics and has significantly improved our ability to answer complex societal questions.
Imbens expressed his delight at the news and noted that all three recipients are friends, with Angrist serving as the best man at his wedding. Despite not being able to contact Angrist before the ceremony, the prize presentation was joined by Imbens via phone.
David Card’s Nobel Prize in Economics 2021 is a testament to his exceptional contributions to the field of economics and his impact on society.
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Interesting Facts About David Card’s Nobel Prize in Economics Win
- David Card, an eminent labor economist and professor at the University of California at Berkeley, is one of the three economists awarded the Nobel Memorial Prize in Economic Sciences for their pioneering contributions to the field of empirical economics.
- The Royal Swedish Academy of Sciences awarded Card, along with Joshua Angrist of the Massachusetts Institute of Technology and Guido Imbens of Stanford University, for their methodological contributions to understanding causal linkages in real-world economic events.
- Card’s research on the effect of wages on employment patterns, particularly after the state of New Jersey raised its minimum wage to $5.05 in 1992, challenged conventional economic wisdom and found that it had no negative effect on employment. His groundbreaking findings contributed to further research that emphasized the importance of companies’ behavior in response to pay regulation.
- Interestingly, Card was informed of his win by Adam Smith, a member of the Nobel committee, who initially suspected that David Card might be a fake name. Cynthia Gessle’s photo showed that Card received the news in a bathrobe.
- David Card holds dual citizenship in the United States and Canada. Similarly, Angrist has dual citizenship in Israel and the United States, while Imbens holds citizenship in both the Netherlands and the United States.
- The Nobel committee recognized these three economists for their revolutionary contributions to empirical research in the social sciences, which have significantly improved our ability to answer key causal issues, benefiting society as a whole.
David Card Personal Life
|Real Birth Name||David Edwards Card|
|Editor Nick Name||Prof. David|
|Career||Professor of Economics|
|Institution||University of California, Berkeley|
||The Nobel Prize in Economics 2021|
|Date of Birth||1956|
|Age (2021)||65 Years|
|Place of Birth||Guelph (Ontario)|
|Alma mater||B.A. (1978), Queen’s University at Kingston; Ph.D. (1983), Princeton University|
|Doctoral advisor||Orley Ashenfelter|
David Card Physical Appearance
|Height (approx.)||5 feet and 9 inches|
David Card Family
David Card is a married man. His Wife’s name, on the other hand, is unknown. Card and his wife would rather not be in the spotlight.
Furthermore, Card primarily discusses his professional life, studies, and successes in the interviews.
David Card Net worth
David Card’s exact net worth is unknown, but it is estimated to be between $1 million to $5 million. However, winning the Nobel Prize in Economics in 2021 likely increased his wealth significantly.
Card began his career as an Assistant Professor of Business Economics at the University of Chicago Graduate School of Business. He later taught at Princeton University and is currently a professor of economics at the University of California, Berkeley. He has made significant contributions to the field of labor economics, particularly in understanding causal linkages and the effects of wages on employment. His groundbreaking research challenged conventional wisdom and prompted further exploration of the relationship between pay regulation and companies’ behavior. Despite his notable achievements, Card’s exact fortune remains a mystery.
David Card FAQ’s
Who is David Card?
David Edward Card, a learned Canadian-American economist who specializes in the field of labor, holds the prestigious position of economics professor at the esteemed University of California, Berkeley. In recognition of his empirical contributions to the study of labor economics, he was honored with the Nobel Memorial Prize in Economic Sciences in collaboration with Joshua Angrist and Guido Imbens in 2021.
How old is David Card?
David Card was born in Guelph, Ontario, in 1956, making him 65 years old in 2021. He holds dual citizenship in both the United States and Canada. Based on available information, he is of white ethnicity.
Which award did David Card receive in 2021?
Three distinguished economists hailing from the United States have been granted the prestigious Nobel Memorial Prize in Economic Sciences due to their exceptional contributions in identifying the underlying causes and far-reaching ramifications of genuine economic phenomena. David Card, a renowned economist, was among the laureates duly recognized for his unparalleled research and contributions in the field of economics.
Is David Card married?
David Card is a man who is contentedly united in matrimony. The identity of his significant other, however, remains an enigma. The twosome prefers to avoid public attention and scrutiny. In public dialogues, Card chiefly elaborates on his vocational background, academic expertise, and commendations.
Which university did David Card graduate from?
Card attained his Bachelor of Arts degree in the year of 1978 from Queen’s University. He also completed his Ph.D. in economics from Princeton University in 1983 after conducting a research paper entitled “Indexation in Long-Term Labor Contracts” which was guided by Orley Ashenfelter.
The social media reach of David Card is not available.
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