American Researcher Awarded Nobel Prize in Economics for Study on Women's Role in the Labour Market
The Nobel Prize in Economics was awarded to American Claudia Goldin on Monday for her work on the position of women in the labour market. She became the third woman to receive this award, as reported by the Nobel Prize committee.
"Claudia Goldin's research has given us a new and often remarkable understanding of the historical and contemporary role of women in the labour market," the jury stated.
"Women are significantly underrepresented in the global labour market, and when they work, they earn less than men. Claudia Goldin delved into archives and collected data on the United States over more than 200 years, allowing her to show how and why income and employment differences between men and women evolved over time," noted Randy Yalmansson, a member of the Nobel jury.
The 77-year-old laureate, the third woman to receive the prize, "has improved our understanding of women's position in the labour market," the Nobel jury announced.
"This year's laureate in economic sciences, Claudia Goldin, presented the first comprehensive report on women's earnings and their participation in the labour market over centuries. Her research reveals the causes of change, as well as the main sources of the gender gap that persists," the announcement said.
Until now, only two women have received this prize - American Elinor Ostrom (2009) and Franco-American Esther Duflo (2019).
This latest announcement of the Nobel Prize laureate marks the end of the 2023 awards.
Last year, the Nobel Prize in Economics was awarded to Ben Bernanke, former president of the Federal Reserve System (FRS), and his compatriots Douglas Diamond and Philip Dibwig for their work with banks and their necessary rescue during financial crises.
The "Memorial Nobel Prize in Economic Sciences" was established by the Bank of Sweden in 1969 and added to the five traditional prizes (medicine, physics, chemistry, literature, and peace) more than sixty years after the others, which earned it the nickname "fake Nobel" from its critics.
However, like other Nobel Prizes, the prize is endowed with 11 million Swedish kronor (920,000 euros), which are divided among co-laureates, making it the highest nominal value (in Swedish currency) in the prize's more than century-long history.