STOCKHOLM: The Nobel Prize in economics on Monday was awarded to economist Claudia Goldin for her research that has helped understand the role of women in the labour market.
The 77-year-old Harvard professor Claudia Goldin, who is the third woman to be awarded the Nobel economics prize, was given the nod for having advanced the understanding of females’ labour market outcomes, the jury announced.
It said in a statement that her research reveals the causes of change and the main sources of the remaining gender gap, AFP reported.
Globally, about 50% of women participate in the labour market compared to 80% of men, but females earn less and are less likely to reach the top of the career ladder, the prize committee said.
Nobel Prize in Economics
The Nobel Prize in economics has the fewest number of female laureates, with just two others since it was launched in 1969 — Elinor Ostrom in 2009 and Esther Duflo in 2019.
The jury said that Goldin has trawled the archives and collected over two hundred years of data from the United States.
Nobel committee member Randi Hjalmarsson said that Goldin studied something that many historians, many people, for instance, simply decided not to study before because they did not think these data existed.
The jury underlined that Goldin’s work provided the first comprehensive account of female earnings and labour market participation through the centuries.
It said that despite modernization — coupled with economic growth and a rising proportion of females in the labour market — the earnings gap between males and females hardly closed for a long time.
Excellent 🧵 about the work of Claudia Goldin, the 2023 #Nobel Prize in Economics winner. #nobel #economics #women https://t.co/MNwcj1Bk8p
— Stella Goulopoulou, PhD (she/her) (@SGoulopoulou) October 9, 2023
