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Nobel Prize in Economics – 2023
October 14 , 2023
408 days
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- The Nobel Prize in Economics for 2023 was awarded to Claudia Goldin, a Harvard University professor.
- This is awarded for “having advanced our understanding of women’s labour market outcomes and pay gaps”.
- Her work has shed light on the participation of women in the labour market over the past 200 years.
- Goldin’s work found that by the beginning of the 20th century, only around 20 per cent of women were gainfully employed.
- But, the share of married women was only five per cent.
- Goldin noted that legislation known as “marriage bars” often prevented married women from continuing their employment as teachers or office workers.
- Goldin's research covers a wide range of topics, including the female labor force, the gender gap in earnings, income inequality, technological change, education, and immigration.
- Goldin follows two other women — Elinor Ostrom in 2009 and Esther Duflo in 2019 — in being awarded the prize in economic sciences.
- A Nobel Prize in Economics was not part of Alfred Nobel’s 1895 will that established the other prizes.
- The economic sciences award was added by Sweden’s central bank in 1968 only.
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