ISSN (print) - 0131-7652

ISSN (online) - 2686-7605

Vol. 52 No. 2 (2022)
PINNACLES OF ECONOMIC SCIENSE

Experimental Situations as an Object of Research in Economic Science

PDF (Русский)
  • Yu.P. Voronov
Yu.P. Voronov
Institute of Economics and Industrial Engineering, SB RAS, Novosibirsk
DOI: https://doi.org/10.30680/ECO0131-7652-2022-2-140-156

Published 2022-02-03

Keywords

  • nobel laureates in economics; natural randomized experiment; labor market; labor migrants; minimum wage; firms with high salaries

How to Cite

1.
Voronov Ю. Experimental Situations as an Object of Research in Economic Science. ECO [Internet]. 2022 Feb. 3 [cited 2025 Jan. 3];52(2):140-56. Available from: https://ecotrends.ru/index.php/eco/article/view/4386

Abstract

 The paper describes the achievements of the laureates of the Alfred Nobel Memorial Prize of the Bank of Sweden in 2021. It is noted that they have done a lot to increase the reliability of economic knowledge and to increase the validity of government and economic decisions. The innovative methods proposed by the laureates for solving specific problems of labor economics and in other areas are considered. Their methods develop the principles of natural experiment, that is, the study of an experimental situation that has developed independently of the researcher. Two directions of natural experiments are also considered, in which the laureates managed to obtain the most noticeable results, in particular, to identify the actual effect of increasing the minimum wage, as well as the impact of the influx of migrant workers on the functioning of local labor markets. The results of the laureates’ research on the effectiveness of training programs, as well as the impact of the duration of training on the future incomes of graduates are presented. Innovative methods proposed by the laureates for solving specific problems of labor economy and other spheres are considered.
PDF (Русский)

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