Claudia Goldin wins Nobel Prize 2023 in Economic Sciences

financialexpress.com:

Claudia Goldin, the American labour economist, has won this year’s Nobel Prize in economic sciences. Making the announcement, the Nobel committee said that Goldin has been honoured with the prestigious award for ‘having advanced our understanding of women’s labour market outcomes.’

A press release announced the award. Claudia Goldin is a professor of Economics at Harvard University. She has also been the director of the NBER’s Development of the American Economy program from 1989 to 2017.

As a co-director of the Gender in the Economy group at NBER, Claudia Goldin, an accomplished economic historian and labor economist, delves into an array of subjects in her research. Her areas of expertise encompass the female labor force, disparities in earnings between genders, income inequality, the impact of technological advancements, education, and immigration.

Goldin’s unique approach often involves examining contemporary issues by tracing their historical roots and understanding the origins of present-day challenges. Her latest publication, “Career & Family: Women’s Century-Long Journey toward Equity,” was released by Princeton University Press in 2021.

She has provided the first comprehensive account of women’s earnings and labour market participation through the centuries. Her research sheds light on the causes of change, and it also reveals the main sources of the remaining gender gap.

Goldin’s research uncovers a complex history of female labor force participation. It follows a U-shaped curve rather than a straightforward upward trend. Initially, in the 19th century’s shift from agrarian to industrial society, married women’s work participation decreased. However, it rebounded in the 20th century due to the growth of the