Nobel Economics Prize 2023: Harvard University professor Claudia Goldin has been awarded the Nobel Prize in Economics for “improving our understanding of women’s labor market outcomes.”
Nobel Economics Prize 2023: Harvard University professor Claudia Goldin has been awarded the Nobel Prize in Economics for “improving our understanding of women’s labor market outcomes.” Hans Ellgren, Secretary General of the Royal Swedish Academy of Sciences, announced the award here on Monday. Goldin is the third woman to be honored with this award. Under the Nobel Prize, the winner is given a prize of 1 million dollars. The winners also receive an 18-carat gold medal and a diploma at awards ceremonies in Oslo and Stockholm in December.
Let us tell you that from 1969 to 2022, a total of 54 Nobel Prizes have been awarded in Economic Sciences. Out of 92 awardees, 25 have had the honor of receiving this prestigious award as the only recipients. Till now only two women have received the Nobel Prize in this field. Elinor Ostrom in 2009 and Esther Duflo in 2019 have been awarded the Nobel Prize in Economic Sciences for their extraordinary contributions. Goldin became the third woman to receive recognition in this field.
The announcement of the Nobel Prize 2023, which started on October 2, ended with the last announcement of the year in the field of economic sciences. These latest awards follow awards in medicine, physics, chemistry, literature and peace that were announced last week.
Last year’s winners of the Economic Science Prize, Ben Bernanke, Douglas Diamond and Philip Dybvig, were honored for their groundbreaking work on “bank failures and their profound impact on the US response to the 2007–2008 financial crisis.”
According to an official announcement last year, these award winners have significantly advanced our understanding of the important role banks play in the economy, especially in times of financial turmoil. A major revelation in his research was the critical importance of preventing bank collapse. The foundation of his research was laid in the early 1980s by Ben Bernanke, Douglas Diamond, and Philip Dybvig. His analyzes have had considerable practical importance in the regulation of financial markets and the management of financial crises.