SEACEN Online Seminar Series: Nobel Prize 2021

Venue :Online Seminars
Host Name :The SEACEN Centre
Date From :19 Nov 2021
Date To :19 Nov 2021

Descriptions


This year’s Laureates – David Card, Joshua Angrist and Guido Imbens – have provided us with new insights about the labour market and shown what conclusions about cause and effect can be drawn from natural experiments. Their approach has spread to other fields and revolutionised empirical research.

 

Many of the big questions in the social sciences deal with cause and effect. How does immigration affect pay and employment levels? How does a longer education affect someone’s future income? These questions are difficult to answer because we have nothing to use as a comparison. We do not know what would have happened if there had been less immigration or if that person had not continued studying.

 

However, this year’s Laureates have shown that it is possible to answer these and similar questions using natural experiments. The key is to use situations in which chance events or policy changes result in groups of people being treated differently, in a way that resembles clinical trials in medicine.

 

In this one hour webinar, we will discuss their contributions and implications of their work for policy.

Speakers:

 
Dean Hyslop
Dean Hyslop is currently a Senior Fellow position at Motu. Dean was previously Professor of Econometrics at Victoria University. Prior to this he was a Senior Researcher at the Department of Labour, and a Principal Advisor in The Treasury. Dean won the prestigious Frisch Medal in 2008 for his work on estimating the effects of a time-limited earnings subsidy for welfare-leavers alongside David Card. Dean’s research interests are in labour markets and applied econometrics.
 
Sui-Jade Ho
Deputy Director of the Monetary Policy department at the Bank Negara Malaysia