Of the 93 economics laureates honored, Goldin — a Harvard University professor — becomes just the third woman to win the award.
The Nobel economics prize was awarded Monday to Harvard University professor Claudia Goldin for research that has advanced the understanding of the gender gap in the labor market.
“Understanding women’s role in the labor market is important for society. Thanks to Claudia Goldin’s groundbreaking research, we now know much more about the underlying factors and which barriers may need to be addressed in the future,” said Jakob Svensson, chair of the Committee for the Prize in Economic Sciences.Goldin does not offer solutions, but her research allows policymakers to tackle the entrenched problem, said economist Randi Hjalmarsson, a member of the prize committee.
Goldin had to become a data sleuth as she sought to fill in missing data for her research, Hjalmarsson said. For parts of history, systematic labor market records did not exist, and, if they did, information about women was missing. The process of evaluating prospects as times change “helps explain why change in labor market gender gaps has been so slow," she said.Her award follows 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.
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