Goran K. Hansson (center), Permanent Secretary of the Royal Swedish Academy of Sciences, and Nobel Economics Prize committee members Peter Fredriksson (left) and Eva Mork (right) give a press conference to announce the winners of the 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm on October 11, 2021. AFP PHOTO
STOCKHOLM: Three US-based academics on Monday won the Nobel Economics Prize for research that "revolutionized" empirical work in their field and brought better understanding of how labor markets work, the jury said.