Noble Economics Prize Awarded to Claudia Goldin

Stockholm (AP) – The Nobel economics prize was recently awarded to Professor Claudia Goldin from Harvard University for her remarkable contributions to understanding women’s labor market outcomes. This prestigious prize has acknowledged Goldin as only the third woman to receive this honor.

The announcement was made by Hans Ellegren, secretary-general of the Royal Swedish Academy of Sciences in Stockholm. Jakob Svensson, chair of the Committee for the Prize in Economic Sciences, expressed the significance of Goldin’s research on women’s role in the labor market. He stated that her groundbreaking work has provided valuable insights into the underlying factors and identified potential barriers that need to be addressed in the future.

The Nobel economics prize, formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, was established in 1968 by Sweden’s central bank. It follows the awards presented last week in medicine, physics, chemistry, literature, and peace.

In 2020, the honor was bestowed upon former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond, and Philip Dybvig for their research on bank failures and their influence on America’s response to the 2007-2008 financial crisis. Notably, out of the 92 laureates honored thus far, only two have been women.

The accomplishments of women in various scientific fields were also recognized through other Nobel prizes. Last week’s winners included Katalin Karikó and Drew Weissman in medicine, Anne L’Huillier, Pierre Agostini, and Ferenc Krausz in physics, Moungi Bawendi, Louis Brus, and Alexei Ekimov in chemistry, Jon Fosse in literature, and Narges Mohammadi in peace.

The Nobel prizes will be awarded at ceremonies held in December in Oslo and Stockholm, accompanied by a cash award of 11 million Swedish kronor (approximately $1 million), along with an 18-carat gold medal and diploma.

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