Canada-born Card currently works at the University of California, Berkeley; Angrist at Massachusetts Institute of Technology; and Dutch-born Imbens at Stanford University.

The 2019 Nobel Prize in economics was awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer for pioneering new ways to alleviate global poverty.

British-born Oliver Hart and Bengt Holmstrom of Finland won the Nobel prize in economics for shedding light on how contracts help people deal with conflicting interests, from CEO pay packages to whether to privatize a public service.