NOBEL PRIZE 2023-ECONOMICS | Claudia Goldin of the US wins Nobel Economics Prize
The winner of the 2023 Prize in Economic Sciences in Memory of Alfred Nobel American economist Claudia Goldin is seen on a display as (left to right) the chair of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel, Jakob Svensson, the Secretary General of the Royal Swedish Academy of Sciences Hans Ellegren and committee member Randi Hjalmarsson address a press conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden, on October 9, 2023. The Nobel Economics Prize was awarded to American economist Claudia Goldin for helping understand women’s opportunities in the labor market. (AFP/Jonathan Nackstrand)
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STOCKHOLM: The Nobel prize in economics was on Monday awarded to the United States’ Claudia Goldin for her research helping understand the role of women in the labor market.
The Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod “for having advanced our understanding of women’s labor market outcomes,” the jury said.
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Memento Maxima Digital Marketing“Her research reveals the causes of change, as well as the main sources of the remaining gender gap,” it added in a statement.
Globally, about 50 percent of women participate in the labor market compared to 80 percent of men, but women earn less and are less likely to reach the top of the career ladder, the prize committee noted.
Of all the Nobels, the economics prize has the fewest number of women laureates, with just two previous winners since it was first awarded in 1969: Elinor Ostrom in 2009 and Esther Duflo in 2019.
The jury highlighted that Goldin’s work “provided the first comprehensive account of women’s earnings and labor market participation through the centuries.”
Last year, the honor went to US economists Douglas Diamond and Philip Dybvig together with former Federal Reserve chief Ben Bernanke for research on banks in times of turmoil.
The economics prize, set up by the Swedish central bank, was the only award absent from the original five created by scientist Alfred Nobel, sometimes earning it the moniker of “false Nobel.”
However, just like the other science prizes, the Royal Swedish Academy of Sciences decides the winner, and finding candidates follows the same process.
Just like the other Nobels, it comes with a gold medal, a diploma and a prize sum of 11 million Swedish kronor (about $1 million), and laureates receive their prizes from King Carl 16th Gustaf at a lavish prize ceremony in Stockholm.
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