1. David Edward Card was born on 1956 and is a Canadian-American labour economist and the Class of 1950 Professor of Economics at the University of California, Berkeley, where he has been since 1997.
20 Facts About David Card
1. 2.
David Card was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences "for his empirical contributions to labour economics", with Joshua Angrist and Guido Imbens jointly awarded the other half.
3.
David Card then earned his Bachelor of Arts degree from Queen's University in 1978 and his Ph.
4.
David Card began his career at the University of Chicago Graduate School of Business, where he was assistant professor of Business Economics for 2 years.
5.
David Card was on the faculty at Princeton from 1983 to 1997, before moving to Berkeley; from 1990 to 1991 he served as a visiting professor at Columbia University.
6.
From 1988 to 1992, David Card was Associate Editor of the Journal of Labor Economics and from 1993 to 1997, he was co-editor of Econometrica.
7.
David Card has made contributions to research on immigration, education, job training and inequality.
8.
On immigration, David Card's research has shown that the economic impact of new immigrants is minimal.
9.
David Card has done several case studies on the rapid assimilation of immigrant groups, finding that they have little or no impact on wages.
10.
For example, David Card studied the economic impacts of the Mariel boatlift, and compared the economic effects in Miami to those in Atlanta, Houston, Los Angeles and Tampa, which receive fewer Cuban immigrants.
11.
David Card served as the expert witness for Harvard in the Harvard admissions case.
12.
David Card describes two key implications of the work, policy and economic research implications.
13.
The focus of the policy debate, according to David Card, should be the distributional effects of minimum wage, how minimum wage influences wage inequality, which the findings present suggest that it will counteract the growth experienced in the 1980s.
14.
Finally, David Card believes that this work will greatly influence economic research in two manners, establishing prespecified conditions and the importance of firm-level microdata.
15.
David Card concludes the work through emphasizing the importance of empirical research to create a more complete understanding of the low-wage market.
16.
David Card was the recipient of the 1995 John Bates Clark Medal, awarded to "that American economist under the age of forty who is judged to have made the most significant contribution to economic thought and knowledge" for his work related to the minimum wage as well as the economic effects of the Mariel boatlift.
17.
David Card gave the 2009 Richard T Ely Lecture of the American Economic Association in San Francisco.
18.
David Card has received along with Richard Blundell the 2014 BBVA Foundation Frontiers of Knowledge Award in Economics, Finance and Management category for "their contributions to empirical microeconomics," in the words of the jury's citation.
19.
David Card was elected as a member of the US National Academy of Sciences in 2021.
20.
David Card won the Nobel Memorial Prize in Economic Sciences in 2021 for research showing that an increase in minimum wage does not lead to less hiring, and immigrants do not lower pay for native-born workers.