The Nobel Prize in Economics has been awarded to 77-year-old American Claudia Goldin, from Harvard University, for research that has increased ‘understanding’ of ‘women’s performance in the labor market’, as announced this Monday in Stockholm, Sweden .
‘Understanding the role of women in this [mercado de] work is important to society. Thanks to Claudia Goldin’s groundbreaking research, we now know much more about the underlying factors and what barriers may need to be addressed in the future.” said Jakob Svensson, chairman of the Prize Committee for Economic Sciences.
This year’s Nobel Prize winner is the third woman to receive an award out of 93 laureates in economics.
“This year’s laureate in Economic Sciences, Claudia Goldin, presented the first comprehensive account of women’s earnings and labor market participation over the centuries,” says the Royal Swedish Academy of Sciences, noting that Golding’s research explores the causes of changes in the labor market and gender inequality brings women to light..
“Claudia Goldin’s research has given us new and often surprising insights into the historical and contemporary role of women in the workplace,” the Swedish academy said.
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Claudia Goldin “for advancing our understanding of labor market outcomes for women.”#Nobel Prize pic.twitter.com/FRAayC3Jwb– The Nobel Prize (@NobelPrize) October 9, 2023
In a statement, the Swedish academy said that “women are very underrepresented in the global labor market,” indicating that they “earn less than men.”
Claudia Goldin delved into the archives “and collected more than 200 years of data from the US, allowing her to show how and why gender differences in income and labor force participation have changed over time,” the Royal Swedish Academy note says of Sciences. .
The academy recalled that, “despite modernization, economic growth and the increase in the number of working women in the 20th century, the gender pay gap has barely narrowed over a long period of time.”
According to the laureate, part of the explanation lies in the fact that educational decisions, which impact career opportunities throughout life, are made at a relatively young age.
“If young women’s expectations are shaped by the experiences of previous generations (for example, their mothers, who only returned to work when their children were older), development will be slow,” he argues.
The Swedish Academy recalls that historically, a large part of the income gap between the sexes has been explained by differences in education and career choice.
“However, Goldin has shown that most of this income gap currently occurs between women and women working in the same occupation and that it largely occurs at the birth of the first child,” he explains.
In the twentieth century, women’s educational levels have steadily increased.
Hans Ellegren, Secretary General of the Royal Swedish Academy of Sciences, announced the award today in Stockholm.
Remember, the 2022 Nobel Prize in Economics was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig who “significantly improved our understanding” of the “role of banks in the economy, especially during financial crises,” according to the then Royal Swedish Academy of Sciences.
This is the last Nobel Prize this year, after prizes were awarded to those who have distinguished themselves in the fields of medicine, physics, chemistry, literature and peace.
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– The Nobel Prize (@NobelPrize) October 9, 2023
The Nobel Prize has a monetary value of 11 million Swedish crowns (approximately 950 thousand euros). The money comes from an inheritance from the prize’s creator, the Swedish inventor Alfred Nobel, who died in 1896. The awards will be presented by King Carlos Gustavo of Sweden at a ceremony to take place in Stockholm on December 10. , the date of his death by Alfred Nobel.
With Lusa
Source: DN
