The Nobel economics prize was on Monday awarded to Professor Claudia Goldin of Harvard University for her analysis on women in the labor market.
Goldin offered the first complete account of women’s earnings and labor market outcomes by the centuries, the Nobel committee stated throughout the prize announcement. Her analysis reveals new patterns, identifies causes of change but in addition speaks to the primary sources of the remaining gender gaps, the committee added.
The winners of the award, which is formally titled the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, obtain 10 million Swedish krona ($907,000) between them.
Last year’s prize went to U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig for their work on banks and monetary crises.
The Nobel committee stated their analysis in the early Eighties had “considerably improved our understanding of the position of banks in the financial system, significantly throughout monetary crises,” and in displaying the significance of avoiding financial institution collapses. They added this was “invaluable” throughout the 2008-09 monetary disaster and the Covid-19 pandemic.
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