David Card (Economist)

David Card is a Canadian economist known for his influential research in labor economics. He gained prominence for his studies on how factors like education and immigration affect wage rates and employment opportunities. One of his notable contributions was analyzing the impact of minimum wage increases, showing that they often do not lead to job losses, contrary to conventional belief. His work emphasizes the importance of empirical evidence in understanding economic policies. In 2021, Card was awarded the Nobel Prize in Economic Sciences, highlighting his significant contributions to understanding labor markets and economic behavior.