Everything about David Card totally explained
David Edward Card is a
Canadian labor economist and
professor at the
University of California, Berkeley.
Card earned his
B.A. from
Queen's University in 1978 and his
Ph.D. 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 won the
John Bates Clark Medal in 1995.
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 didn't result in job reduction of
fast food companies in that state. While this claim has been disputed by many(see
minimum wage for discussion), a few economists, including Nobel prize winner
Joseph Stiglitz, 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 around 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've little or no impact on wages. In an interview with the
New York Times, Card said, "I honestly think the economic arguments [againstimmigration] are second order. They are almost irrelevant." This doesn't imply, however, that Card believes immigration should be increased, merely that immigrants don't pose a threat to the labor market.
Despite the fact that Card sometimes researches issues with strong political implications, he doesn't publicly take a stand on political issues or make policy suggestions. Nevertheless, pundits and politicians on the left and right have cited him in support of increased immigration and a
living wage.
Further Information
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