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Claudia wins Nobel in economics

International Desk : American economist Claudia has been awarded the 2023 Nobel economics prize for her research helping understand the role of women in the labour market.

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The jury said the Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod ‘for having advanced our understanding of women's labour market outcomes’.

"Her research reveals the causes of change, as well as the main sources of the remaining gender gap," it added in a statement.

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The jury said that Goldin's work's "provided the first comprehensive account of women's earnings and labour market participation through the centuries."

Last year, the honour went to US economists Douglas Diamond and Philip Dybvig together with former Federal Reserve chief Ben Bernanke for research on banks in times of turmoil.

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The economics prize, set up by the Swedish central bank, was the only award absent from the original five created by scientist Alfred Nobel, sometimes earning it the moniker of "false Nobel".

However, just like the other science prizes the Royal Swedish Academy of Sciences decides the winner and finding candidates follows the same process.

Sun News/MR

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