Claudia Goldin wins Nobel Prize in Economics for work on women’s labour market outcomes

Professor Claudia Goldin has been awarded the Nobel Prize in Economics 2023, the Royal Swedish Academy of Sciences announced on October 9th. The Sveriges Riksbank Prize in Economic Sciences, awarded in memory of Alfred Nobel, was bestowed upon Professor Claudia Goldin of Harvard University for her comprehensive research on women's contribution to the labor market. Economic Sciences 2023 laureate Claudia Goldin provided the first comprehensive account of women’s earnings and labor market participation throughout the centuries. Her research reveals the causes of change and the main sources of the remaining gender gap.

The Royal Swedish Academy of Sciences stated that the 2023 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Claudia Goldin “for advancing our understanding of women’s labor market outcomes. ”Goldin is the 55th recipient of the prize and the third woman to receive the award since its inception in 1969. With this, the prestigious Nobel awards season concludes for the year. “The fact that women’s choices have often been, and continue to be, limited by marriage and responsibilities for the home and family is at the heart of her analyses and explanatory models. Goldin’s studies have also taught us that change takes time because choices that impact entire careers are based on expectations that may later prove to be false.”“Her insights extend well beyond the borders of the United States, and similar patterns have been observed in many other countries. Her research enhances our understanding of labor markets in the past, present, and future.”The Academy further pointed out, "This year’s economic sciences laureate Claudia Goldin showed that female participation in the labor market did not follow an upward trend over a 200-year period, but instead formed a U-shaped curve."