© Reuters. A view of a display screen contained in the Royal Swedish Academy of Sciences, the place the Nobel Prize in Financial Sciences is introduced in Stockholm, Sweden, October 9, 2023. REUTERS/ Tom Little
STOCKHOLM (Reuters) – American financial historian Claudia Goldin received the 2023 Nobel economics prize for “having superior our understanding of ladies’s labour market outcomes”, the Royal Swedish Academy of Sciences stated on Monday.
The distinguished award, formally often called the Sveriges Riksbank Prize in Financial Sciences in Reminiscence of Alfred Nobel, is the final of this yr’s crop of Nobel prizes and is price 11 million Swedish crowns ($999,137).
“This yr’s Laureate within the Financial Sciences, Claudia Goldin, supplied the primary complete account of ladies’s earnings and labour market participation by means of the centuries,” the prize-giving physique stated in a press release.
“Her analysis reveals the causes of change, in addition to the principle sources of the remaining gender hole.”
The award for economics is the ultimate instalment of this yr’s crop of Nobels which have seen prizes go to COVID-19 vaccine discoveries, atomic snapshots and “quantum dots” in addition to to a Norwegian dramatist and an Iranian activist.
Goldin is just the third girl to win the Nobel economics prize.
The economics award isn’t one of many authentic prizes for science, literature and peace created within the will of dynamite inventor and businessman Alfred Nobel, however a later addition established and funded by Sweden’s central financial institution in 1968.
The primary economics prize was awarded the next yr and previous winners embody a bunch of influential thinkers and teachers such Friedrich August von Hayek, Milton Friedman and, extra just lately, U.S. economist Paul Krugman.
Final yr, a trio of U.S. economists together with former Federal Reserve Chair Ben Bernanke received for his or her analysis on how regulating banks and propping up failing lenders with public money can stave off a fair deeper financial disaster, just like the Nice Despair of the Thirties.
As with the opposite Nobel prizes, the overwhelming majority of the economics awards have gone to males. Solely two girls have beforehand landed one – Elinor Ostrom in 2009 and Esther Duflo a decade later.
($1 = 11.0095 Swedish crowns)
