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The Prime Minister, Justin Trudeau, at this time issued the next assertion on Canadian economist Dr. David Card being awarded the 2021 Nobel Prize in Financial Sciences:
“At this time, I be part of Canadians and the worldwide financial group in congratulating Dr. David Card on being awarded this 12 months’s Sveriges Riksbank Prize in Financial Sciences in Reminiscence of Alfred Nobel, also called the Nobel Prize in Financial Sciences, for his necessary contributions to labour economics.
“Born in Guelph, Ontario, Dr. Card accomplished his undergraduate research at Queen’s College and obtained his PhD at Princeton College. He’s at the moment a Professor of Economics on the College of California, Berkeley, the place his analysis focuses on immigration, inequality, and gender and race within the labour market.
“Dr. Card is being acknowledged for his pioneering work on minimal wages, immigration, and training, which have significantly improved our understanding of the labour market over the previous couple of a long time. His latest work studied the results of accelerating the minimal wage on employment and challenged standard knowledge.
“Dr. Card was awarded one half of the 2021 Nobel Prize in Financial Sciences, with the opposite half going collectively to Dr. Joshua D. Angrist and Dr. Guido W. Imbens. Collectively, they have been acknowledged for utilizing pure experiments to assist reply key questions for society and revolutionizing analysis in financial sciences.
“On behalf of all Canadians, I congratulate Dr. Card for this exceptional achievement, and thank him for serving to us to higher perceive the financial system, as we work to construct a robust financial restoration that advantages everybody for a greater future at dwelling and all over the world.”
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