David Card in 2006
|Born||1956 (age 59–60)|
|Institution||University of California, Berkeley|
|Alma mater||Princeton University|
Christoph M. Schmidt
|Information at IDEAS / RePEc|
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. While the methodology (see difference in differences) and its claim has been disputed by some (see minimum wage for discussion), many economists, including Joseph Stiglitz and Paul Krugman, accept Card and Krueger's findings.
David Card has also made fundamental contributions to research on immigration, education, 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." 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.
He 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. “Motivated by important empirical questions, they developed and estimated appropriate econometric models, making significant methodological contributions in the process. Both are known for their attention to institutional detail, careful and innovative research design, rigorous application of econometric tools, and dispassionate reporting of results.”
- David Card BBVA Foundation Frontiers of Knowledge Award Awarded In 2014
- 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.
- 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.
- Liberals and Wages
- Stiglitz, Joseph (2002). "Employment, social justice and societal well-being" (PDF). International Labour Review. 141 (1–2): 9–29. doi:10.1111/j.1564-913x.2002.tb00229.x.
- Card, David. "Is the new immigration really so bad?", Federal Reserve Bank of Philadelphia.
- Card, David. "Is it worth it to go to college?"
- "The Immigration Equation" by Roger Lowenstein. The New York Times Magazine, July 9, 2006
- David Card's homepage at the UC Berkeley Department of Economics
- David Card, Director, Center for Labor Economics at the UC Berkeley Center for Labor Economics
- Curriculum Vita
- Interview with David Card, The Region, Federal Reserve Bank of Minneapolis, December 1, 2006