Nobel Prize Economist David Card on testing Econ 101 theories in the real world   Leave a comment

Link: https://www.marketplace.org/2021/10/12/nobel-prize-economist-david-card-on-testing-econ-101-theories-in-the-real-world/

2021 Nobel Memorial Prize in Economic Sciences recipient David Card used a natural experiment to challenge the Econ 101 concept that a higher minimum wage drives unemployment. Through his research, Card also discovered a way to possibly address issues like the gender wage gap and the wage gap between nonwhite and white workers.

Later in the segment, Card discusses his recognized research on how immigration does not reduce wages according to the Modern Growth Theory.

Original Air Date: October 12, 2021

Length: 10 minutes 48 seconds

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