STOCKHOLM – The Nobel economics prize used to be awarded Monday to Claudia Goldin, a professor at Harvard University, for advancing the understanding of the gender hole within the labor market.
Goldin is simplest the 3rd lady to win the prize, which used to be introduced by means of Hans Ellegren, secretary-general of the Royal Swedish Academy of Sciences, in Stockholm.
“Understanding women’s role in the labor market is important for society. Thanks to Claudia Goldin’s groundbreaking research, we now know much more about the underlying factors and which barriers may need to be addressed in the future,” mentioned Jakob Svensson, chair of the Committee for the Prize in Economic Sciences.
Goldin does now not be offering answers, however her analysis permits policymakers to take on the entrenched drawback, mentioned Randi Hjalmarsson, a member of the prize committee.
“She explains the source of the gap, and how it’s changed over time and how it varies with the stage of development. And therefore, there is no single policy,” Hjalmarsson said. “So it’s a complicated policy question because if you don’t know the underlying reason, a certain policy won’t work.”
However, “by finally understanding the problem and calling it by the right name, we will be able to pave a better out forward,” mentioned Hjalmarsson, who added that Goldin’s discoveries have “vast societal implications.”
Of receiving the award, Goldin, 77, “was surprised and very, very glad,” Ellegren mentioned.
It follows the awards in medication, physics, chemistry, literature and peace that have been introduced closing week.
The economics award used to be created in 1968 by means of Sweden’s central financial institution and is officially referred to as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
Last 12 months’s winners have been former Federal Reserve Chair Ben Bernanke, Douglas W. Diamond and Philip Dybvig for their analysis into financial institution screw ups that contributed to shaping America’s competitive reaction to the 2007-2008 monetary disaster.
Only two of the 92 economics laureates venerated had been girls.
Per week in the past, Hungarian-American Katalin Karikó and American Drew Weissman received the Nobel Prize in medicine. The physics prize went Tuesday to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz.
U.S. scientists Moungi Bawendi, Louis Brus and Alexei Ekimov received the chemistry prize on Wednesday. They have been adopted by means of Norwegian author Jon Fosse, who used to be awarded the prize for literature. And on Friday, jailed Iranian activist Narges Mohammadi received the peace prize.
The prizes are passed out at awards ceremonies in December in Oslo and Stockholm. They raise a cash award of 11 million Swedish kronor (about $1 million). Winners additionally obtain an 18-carat gold medal and degree.
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Corder reported from The Hague, Netherlands.