Nobel Economics Winner Imbens Looks to Move Beyond Eco Models

The video discusses labor economics, focusing on discrete choice and the impact of technology on wages. It highlights the importance of natural experiments in informing policy and explores the challenges of data certainty using Bayesian methods. The speaker shares personal experiences and acknowledges influential colleagues.

Which economists are mentioned as role models for the speaker in the context of labor economics?

• Thomas Piketty and Joseph Stiglitz

• Paul Samuelson and Robert Solow

• Josh Angrist, David Carr, and Alan Krueger

• Milton Friedman and John Maynard Keynes

What is a significant effect of the pandemic on the labor market discussed in the video?

• Decrease in remote work opportunities

• Heightened inequality in different parts of the labor market

• Equal impact across all sectors

• Increased automation in industries

What is the focus of the speaker's work in relation to natural experiments?

• Predicting stock market trends

• Developing new economic theories

• Analyzing historical economic data

• Informing future policies through empirical data

What challenge is associated with using data models according to the speaker?

• Complexity of the models

• High cost of data analysis

• Overconfidence in the models

• Lack of available data

What personal anecdote does the speaker share at the end of the video?

• Meeting a famous economist

• Publishing a groundbreaking paper

• Winning a prestigious award

• Missing an important phone call