Monday, December 11, 2023

Nobel Prize in Economics 2023

The award Nobel Prize in Economics 2023 This is for the American teacher Claudia Goldin to study the contribution of women to the labor market, as announced by the Central Bank of Sweden. She is the third woman to get this award.

Specifically, the Harvard University professor analyzed the glass roof which inhibits the professional development of workers, and also the wage gap where women receive lower salaries than men.

Goldin maintains that women’s participation in the labor market is conditioned by women’s expectations about their future. He pointed out that the introduction of the contraceptive pill was a great development because it allowed women to plan their pregnancy at the most appropriate time in their working career.

The Nobel jury explained that the economist did the first comprehensive analysis of women’s wages and women’s participation in the labor market over the years. past 200 years: “His research revealed the reasons for the changes in women’s work, as well as the main causes of gender gaps which are still going on.”

In particular, the birth of the first child This is the main reason for the wage gap between men and women with the same training and professional experience, according to Goldin.

Academic career

Claudia Goldin was honored in 2019 by the BBVA Foundation with the award Frontiers of Knowledge in the category of Economics, Finance, and Business Management, because “the pioneer” in the economic analysis of the causes of gender gaps.

Goldin was born in New York in 1946graduated in Economics from Cornell University, and received a doctorate in the same discipline from the University of Chicago.

His teaching and research career began at the Universities of Wisconsin and Princeton, where he was a professor, and continued at the University of Pennsylvania, where he was a full professor and later a professor. He now occupies the Henry Lee Chair in Economics from Harvard University, which he attended in 1990.

“Understanding the role of women at work is important for society. Thanks to the groundbreaking research of Claudia Goldin, we now know more about the underlying causes and barriers which should be discussed in the future,” said Jakob Svensson, chairman of the Economic Sciences Prize Committee.

The Economics award is the last of this edition of the awards, after those for Medicine, Physics, Chemistry, Literature, and Peace, which were given last week. The 2022 honorees are Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig for their research on the role of banks, the importance of “preventing bank failures,” and improving ” social reaction to financial crises.”

Only three women were awarded

This category has a unique masculine profile He had only met girls three times and the three of this century, in 2009, in 2019, and now in 2023. The first Nobel Prize in Economics is the American ElinorOstrom forr studying the management of natural resources sustainably and the second, is the French Esther Duflo for its approach to alleviating global poverty. Duflo also met the Princess of Asturias in 2015.

The Nobel Prize in Economics is not part of the legacy of Alf Nobel, since it was established in Sweden coincidingn Riksbank, the central bank of Swedencoinciding with his 300th anniversary and so first given in 1969which distinguishes the Norwegian Ragnar Frisch and the Dutch Jan Tinbergen.

Of the 54 occasions on which it was awarded -has never been abandoned unlike the other five – which are distinguished by 92 people and it, along with Physics, is the only one without any winner from Spain or Latin America.

The award is worth 11 million Swedish kroner (947.490 euros). Prizes will be awarded next December 10 in a double ceremony: in Oslo, for the Nobel Peace Prize, and in Stockholm, for others.

World Nation News Desk
World Nation News Desk
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