American economist and gender specialist Claudia Goldin has been awarded the prestigious Nobel Prize in Economics for her groundbreaking contributions to the understanding of women's role in the labour market. The press service of the Nobel Committee of the Royal Swedish Academy of Sciences made the announcement.
As a highly respected economic historian and professor at Harvard University, Goldin's extensive research has provided invaluable insights into the income and participation of women in the labour market for the past 2 centuries. Her work has shed light on the underlying causes of persistent gender inequality and has significantly advanced our understanding of this critical issue.
Established by the Swedish National Bank in memory of Alfred Nobel, the Nobel Prize in Economics is awarded for outstanding achievements in the field of economic sciences. Although not formally recognized as a Nobel Prize, it is presented at the same ceremony and by the same esteemed committee.
The prize includes a cash reward of approximately $1 mn and a distinctive gold medal. Claudia Goldin, at the age of 77, joins the ranks of only three women who have received this esteemed recognition in the prize's 55-year history, compared to 90 male recipients.
Goldin's recognition this year is notable, as recent traditions have seen the prize divided between two or three scientists. Since 1969, there have been only 26 individual winners, further highlighting the significance of Goldin's contributions.
In 2022, the Nobel Prize in Economics was awarded to American researchers Ben Bernanke, Douglas Diamond, and Philip Dybvig for their influential study on the role of banks in the economy, particularly during times of financial crises.
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