Claudia Goldin wins Nobel economics prize for work on gender gap

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Claudia Goldin wins Nobel economics prize for work on gender gap
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Harvard economic historian Claudia Goldin won the 2023 Nobel economics prize for her work exposing the causes of deeply rooted wage and labour market inequality between men and women, the Royal Swedish Academy of Sciences said on Monday.

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of this year's crop of Nobel prizes and is worth 11 million Swedish crowns, or nearly $1 million.

Goldin, who in 1990 became the first woman to be tenured at Harvard's economics department, is only the third woman to win the Nobel economics prize, and the first to win it by herself rather than sharing it."There are still large differences between women and men in terms of what they do, how they're remunerated and so on," Goldin told Reuters at her home in Cambridge, Massachusetts. "And the question is, why is this the case? And that's what the work is about.

She said at a press conference at Harvard that women had throughout history often been "hidden from view and uncompensated" for doing the same labour that men were paid for. Hjalmarsson quoted Goldin's own words: "By finally understanding the problem and calling it by the right name, we will be able to pave a better route forward."Harvard professor Claudia Goldin poses for a portrait after winning the Nobel Prize for Economics at her home in Cambridge, Massachusetts, U.S., October 9, 2023.

She has attributed the gap to factors ranging from outright discrimination to phenomena such as "greedy work", a term she coined for jobs that pay disproportionately more per hour when someone works longer or has less control over those hours, effectively penalising women who need to seek flexible labour.

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