David Card

From Wikipedia, the free encyclopedia
Jump to: navigation, search
David Card
David Card.jpg
David Card in 2006
Born 1956
Nationality Canada
Field Labour economics
Information at IDEAS/RePEc

David Edward Card (born 1956) is a Canadian labour economist and Professor of Economics at the University of California, Berkeley.

Card earned his Bachelor of Arts degree from Queen's University in 1978 and his Ph.D. degree in Economics in 1983 from Princeton University.

From 1988 to 1992, Card was Associate Editor of the Journal of Labor Economics and from 1993 to 1997, he was co-editor of Econometrica. He 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.". He gave the 2009 Richard T. Ely Lecture of the American Economic Association in San Francisco. Along with N. Gregory Mankiw, he was elected vice president of the American Economic Association for 2014.

In the early 1990s, Card received much attention for his finding, together with his then Princeton University colleague Alan B. Krueger that, contrary to widely accepted beliefs among economists, the minimum wage increase in New Jersey did not result in job reduction of fast food companies in that state.[1][2] While the methodology (see difference in differences) and its claim has been disputed by many (see minimum wage for discussion), a few economists, including Joseph Stiglitz, accept Card and Krueger's findings.[3]

David Card has also made fundamental contributions to research on immigration,[4] education,[5] job training and inequality. Much of Card's work centers on a comparison between the United States and Canada in various situations. On immigration, Card's research has shown that the economic impact of new immigrants is minimal. Card has done several case studies on the rapid assimilation of immigrant groups, finding that they have little or no impact on wages. In an interview with the New York Times, Card said, "I honestly think the economic arguments [against immigration] are second order. They are almost irrelevant." [6] This does not imply, however, that Card believes immigration should be increased, merely that immigrants do not pose a threat to the labour market.

Despite the fact that Card sometimes researches issues with strong political implications, he does not publicly take a stand on political issues or make policy suggestions. Nevertheless his work is regularly cited in support of increased immigration and minimum wage legislation.

References[edit]

  1. ^ Card, David; Krueger, Alan B. (1994). "Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania". American Economic Review 84 (4): 772–793. JSTOR 2118030. 
  2. ^ Card, David E.; Krueger, Alan B. (1997). Myth and Measurement: The New Economics of the Minimum Wage. Princeton University Press. ISBN 0-691-04823-1. 
  3. ^ Stiglitz, Joseph (2002). "Employment, social justice and societal well-being". International Labour Review 141 (1–2): 9–29. doi:10.1111/j.1564-913x.2002.tb00229.x. 
  4. ^ Card, David. "Is the new immigration really so bad?", Federal Reserve Bank of Philadelphia.
  5. ^ Card, David. "Is it worth it to go to college?"
  6. ^ "The Immigration Equation" by Roger Lowenstein. The New York Times Magazine, July 9, 2006

External links[edit]