Natural Experiments in Labor Economics and Beyond
Abstract This year’s Nobel Prize in Economics honoured David Card of the University of California, Berkeley “for his empirical contributions to labour economics”, and Joshua Angrist of MIT and Guido Imbens of Stanford University “for their methodological contributions to the analysis of causal relat...
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| Format: | Article |
| Language: | deu |
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Sciendo
2021-12-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-021-3074-3 |
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| author | Simon Jäger Jörn-Steffen Pischke |
| author_facet | Simon Jäger Jörn-Steffen Pischke |
| author_sort | Simon Jäger |
| collection | DOAJ |
| description | Abstract This year’s Nobel Prize in Economics honoured David Card of the University of California, Berkeley “for his empirical contributions to labour economics”, and Joshua Angrist of MIT and Guido Imbens of Stanford University “for their methodological contributions to the analysis of causal relationships”. We explain how the laureates revolutionised the analysis of causal relationships in empirical economics through the methodology of natural experiments. Three examples from the German labour market on the effects of minimum wages, code-termination and unemployment insurance illustrate how natural experiments yield new insights, which can form the foundation for evidence-based policy advice. |
| format | Article |
| id | doaj-art-9851846a148e4ebf9c8081999b267850 |
| institution | Kabale University |
| issn | 0043-6275 1613-978X |
| language | deu |
| publishDate | 2021-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Wirtschaftsdienst |
| spelling | doaj-art-9851846a148e4ebf9c8081999b2678502025-02-02T09:07:15ZdeuSciendoWirtschaftsdienst0043-62751613-978X2021-12-011011297798310.1007/s10273-021-3074-3Natural Experiments in Labor Economics and BeyondSimon Jäger0Jörn-Steffen Pischke1MIT Department of Economics, Morris a. Sophie Chang Building, Massachusetts Institute of Technology (MIT)CEP, London School of EconomicsAbstract This year’s Nobel Prize in Economics honoured David Card of the University of California, Berkeley “for his empirical contributions to labour economics”, and Joshua Angrist of MIT and Guido Imbens of Stanford University “for their methodological contributions to the analysis of causal relationships”. We explain how the laureates revolutionised the analysis of causal relationships in empirical economics through the methodology of natural experiments. Three examples from the German labour market on the effects of minimum wages, code-termination and unemployment insurance illustrate how natural experiments yield new insights, which can form the foundation for evidence-based policy advice.https://doi.org/10.1007/s10273-021-3074-3 |
| spellingShingle | Simon Jäger Jörn-Steffen Pischke Natural Experiments in Labor Economics and Beyond Wirtschaftsdienst |
| title | Natural Experiments in Labor Economics and Beyond |
| title_full | Natural Experiments in Labor Economics and Beyond |
| title_fullStr | Natural Experiments in Labor Economics and Beyond |
| title_full_unstemmed | Natural Experiments in Labor Economics and Beyond |
| title_short | Natural Experiments in Labor Economics and Beyond |
| title_sort | natural experiments in labor economics and beyond |
| url | https://doi.org/10.1007/s10273-021-3074-3 |
| work_keys_str_mv | AT simonjager naturalexperimentsinlaboreconomicsandbeyond AT jornsteffenpischke naturalexperimentsinlaboreconomicsandbeyond |