Professor Claudia Goldin has been awarded the Nobel Prize in
Economics 2023, the Royal Swedish Academy of Sciences announced on October 9.
The Sveriges Riksbank Prize in Economic Sciences, awarded in memory
of Alfred Nobel, was bestowed upon Professor Claudia Goldin of Harvard
University for her comprehensive research on women’s contribution to the labour
market.
Economic Sciences 2023 laureate Claudia Goldin provided the first
comprehensive account of women’s earnings and labor market participation
throughout the centuries. Her research reveals the causes of change and the
main sources of the remaining gender gap.
The Royal Swedish Academy of Sciences stated that the 2023 Sveriges
Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to
Claudia Goldin “for advancing our understanding of women’s labor market
outcomes.”
Goldin is the 55th recipient of the prize and the third woman to
receive the award since its inception in 1969. With this, the prestigious Nobel
awards season concludes for the year.
Commenting on Goldin’s work and contribution, the Academy said, “By
delving into archives, compiling and correcting historical data, this year’s
economic sciences laureate Claudia Goldin has presented new and often
surprising facts. She has also provided us with a deeper understanding of the
factors that affect women’s opportunities in the labour market and how much
their work has been in demand.”
“The fact that women’s choices have often been, and continue to be,
limited by marriage and responsibilities for the home and family is at the
heart of her analyses and explanatory models. Goldin’s studies have also taught
us that change takes time because choices that impact entire careers are based
on expectations that may later prove to be false.”
“Her insights extend well beyond the borders of the United States,
and similar patterns have been observed in many other countries. Her research
enhances our understanding of labour markets in the past, present, and future.”
The Academy further pointed out, “This year’s economic sciences
laureate Claudia Goldin showed that female participation in the labor market
did not follow an upward trend over a 200-year period, but instead formed a
U-shaped curve.”
“The participation of married women decreased with the transition
from an agrarian to an industrial society in the early nineteenth century, but
then began to increase with the growth of the service sector in the early
twentieth century. Goldin explained this pattern as the result of structural
change and evolving social norms regarding women’s responsibilities for home
and family.”
Nobel Economics Prize: Here’s a full list of winners
The Nobel Economics Prize – the only one of the six awards not
originally included in Alfred Nobel’s 1895 will – was established in 1968 to
celebrate the Swedish central bank’s 300th anniversary.
Since it was first awarded in 1969, Americans have dominated the
prize and only three women have won.
Here is a full list of the winners:
2023: Claudia Goldin (US)
2022: Ben Bernanke, Douglas Diamond and Philip Dybvig (US)
2021: David Card (Canada), Joshua Angrist (Israel-US) and Guido
Imbens (US-Netherlands)
2020: Paul Milgrom and Robert Wilson (US)
2019: Abhijit Banerjee (US), Esther Duflo (France-US), Michael
Kremer (US)
2018: William Nordhaus and Paul Romer (US)
2017: Richard Thaler (US)
2016: Oliver Hart (Britain-US) and Bengt Holmstrom (Finland)
2015: Angus Deaton (Britain-US)
2014: Jean Tirole (France)
2013: Eugene Fama, Lars Peter Hansen and Robert Shiller (US)
2012: Alvin Roth and Lloyd Shapley (US)
2011: Thomas Sargent and Christopher Sims (US)
2010: Peter Diamond and Dale Mortensen (US) and Christopher
Pissarides (Cyprus-Britain)
Reuters/AP
