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Sat, September 21, 2024

Nobel memorial economics prize awarded to Claudia Goldin

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STOCKHOLM: The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 to Claudia Goldin, Harvard University, Cambridge, MA, USA.

Goldin uncovered key drivers of gender differences in the labour market.  This year’s Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women’s earnings and labour market participation through the centuries. Her research reveals the causes of change, as well as the main sources of the remaining gender gap.

The winner or winners unveiled by The Royal Swedish Academy of Sciences follow the awards in medicine, physics, chemistry, literature and peace that were announced last week.

The economics award was created in 1968 by Sweden's central bank and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.

Last year's winners were former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond and Philip Dybvig for their research into bank failures that helped shape America's aggressive response to the 2007-2008 financial crisis.

Only three of the 92 economics laureates honoured have been women.

A week ago, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine. The physics prize went Tuesday to French-Swedish physicist Anne L'Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz.

US scientists Moungi Bawendi, Louis Brus and Alexei Ekimov won the chemistry prize on Wednesday. They were followed by Norwegian writer Jon Fosse, who was awarded the prize for literature. And on Friday, jailed Iranian activist Narges Mohammadi won the peace prize.

The prizes are handed out at awards ceremonies in December in Oslo and Stockholm. They carry a cash award of 11 million Swedish kronor (about $1 million). Winners also receive an 18-carat gold medal and diploma.

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