Claudia Goldin won the 2023 Nobel Prize in Economics, revealed the Royal Swedish Academy of Sciences on Monday while announcing the final prize this year after unveiling the awards in medicine, physics, chemistry, literature and peace last week.
Goldin is the third woman to win the economics award, created by Sweden's central bank in 1968. Of the 93 economics laureates honored, the other two women who achieved the coveted prize are Elinor Ostrom in 2009 and Esther Duflo in 2019.
Who is Claudia Goldin?
Goldin won the award for "having advanced our understanding of women's labour market outcomes". The economic historian and labour economist is the Henry Lee Professor of Economics at Harvard University.
"This year's Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women's earnings and labour market participation through the centuries," the Royal Swedish Academy of Sciences said in a statement."Her research reveals the causes of change, as well as the main sources of the remaining gender gap."
The award is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
Former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond and Philip Dybvig won the previous year's award for their research into bank failures that helped shape America's aggressive response to the 2007-2008 financial crisis.
The prizes handed out at awards ceremonies in December in Oslo and Stockholm carry a cash award of 11 million Swedish crowns (Rs 8.3 crore) along with an 18-carat gold medal and diploma.
Other Nobel laureate of the year are Hungarian-American Katalin Karik and American Drew Weissman for medicine, French-Swedish physicist Anne L'Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for physics, US scientists Moungi Bawendi, Louis Brus and Alexei Ekimov for chemistry, Norwegian writer Jon Fosse for literature and jailed Iranian activist Narges Mohammadi for peace.