American Professor Claudia Goldin has been awarded the 2023 Nobel Economics Prize for her research on women’s contributions to the labor market. The Royal Swedish Academy of Sciences made the announcement, officially known as The Sveriges Riksbank Prize in Economic Sciences.
- Claudia Goldin’s research provides a comprehensive account of women’s earnings and labor market participation over centuries, highlighting the causes of change and the remaining gender gap.
- Her research indicates that female participation in the labor market follows a U-shaped curve, with a decline during the transition from agrarian to industrial society, followed by an increase in the service sector.
- Claudia Goldin is a professor at Harvard University and is the 55th recipient of the Nobel Economics Prize, only the third woman to receive it since its inception in 1969.
- The Nobel Prize announcements for various fields, including economics, began on October 2nd and concluded with the economics prize.
- Nobel Prizes are awarded in ceremonies held in December in Oslo and Stockholm, with a cash award of 11 million Swedish kronor (approximately $1 million), along with an 18-carat gold medal and diploma.
MCQs
Q.: Who was awarded the 2023 Nobel Economics Prize for her research on women’s contribution to the labor market?
A) Claudia Goldin
B) Marie Curie
C) John Smith
D) Albert Einstein
Ans : A) Claudia Goldin
Q.: What is the official name of the Nobel Prize in Economics?
A) The Nobel Prize in Economic Sciences
B) The Sveriges Riksbank Prize in Economic Sciences
C) The Nobel Prize in Earth Studies
D) The Prize in Gender Economics
Ans : B) The Sveriges Riksbank Prize in Economic Sciences
