HARVARD’S CLAUDIA GOLDIN WINS NOBEL ECONOMICS PRIZE FOR WORK ON GENDER GAP

Mon 09 October 2023:

Harvard University Professor Claudia Goldin has been honoured with the Nobel Prize in Economics for 2023, as announced by the Royal Swedish Academy of Sciences.

This esteemed recognition, officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, was awarded to Professor Claudia Goldin in acknowledgment of her extensive research contributions to the understanding of women’s roles and outcomes in the labor market.

The Royal Swedish Academy of Sciences says Goldin’s “groundbreaking research” has shown the underlying factors hurting women in the jobs market, and which barriers may need to be addressed.

They explain:

Despite modernisation, economic growth and rising proportions of employed women in the twentieth century, for a long period of time the earnings gap between women and men hardly closed. According to Goldin, part of the explanation is that educational decisions, which impact a lifetime of career opportunities, are made at a relatively young age. If the expectations of young women are formed by the experiences of previous generations – for instance, their mothers, who did not go back to work until the children had grown up – then development will be slow.

Historically, much of the gender gap in earnings could be explained by differences in education and occupational choices. However, Goldin has shown that the bulk of this earnings difference is now between men and women in the same occupation, and that it largely arises with the birth of the first child.

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 is awarded to Claudia Goldin “for having advanced our understanding of women’s labour market outcomes”.
👉 https://t.co/zVQwkeRPH2 #NobelPrize #EconomicSciences @Harvard @PikaGoldin pic.twitter.com/fzE4dYzlbG

— The Royal Swedish Academy of Sciences (@ScienceAcad_swe) October 9, 2023

Goldin’s studies underscore that change in labour market dynamics occurs gradually, as career choices are influenced by expectations that may evolve over time. Her research has global relevance, with similar patterns observed in numerous countries, offering valuable insights into labour markets of the past, present, and future.

She becomes the third woman to win the Nobel economics prize, after Elinor Ostrom in 2009 and Esther Duflo in 2019.

[This isn’t one of the original prizes funded by Alfred Nobel, but was created in 1968 by Sweden’s central bank].

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

______________________________________________________________

FOLLOW INDEPENDENT PRESS:

TWITTER (CLICK HERE)
https://twitter.com/IpIndependent