The Nobel Economics Prize was awarded to Professor Claudia Goldin of Harvard University. She was given this award for advancing the understanding of women's labor market outcomes. Goldin is the third woman in the world to win the award, which was announced by Hans Ellgren, Secretary General of the Royal Swedish Academy of Sciences in Stockholm.
Commendable work for women in the labor market
Jacob Svensson, Chair of the Prize Committee in Economic Sciences, said “It is important for society to understand the role of women in the labor market. Thanks to Claudia Goldin's groundbreaking research, we now know a lot about the underlying factors and what these barriers may need to overcome in the future.
The economics prize was created by the central bank of Sweden in 1968 and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
Last year's winners were former Federal Reserve Chairman Ben Bernanke, Douglas W. Diamond and Philip Dybvig for their research on bank failures that helped shape America's aggressive response to the 2007–2008 financial crisis. Let us tell you that out of the 92 economics award winners honored, only two are women.
A week earlier, Hungarian-American Catalin Karikó and American Drew Weissman won the Nobel Prize in Medicine. The physics prize was awarded Tuesday to French-Swedish physicist Anne L'Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Cruz.
Nobel Peace Prize to Nargess Mohammadi
US scientists Maungi Bawendi, Lewis Bruce and Alexey Ekimov won the chemistry prize on Wednesday. He was followed by Norwegian writer John Fosse, who was awarded the Nobel Prize for Literature. On Friday, jailed Iranian activist Nargess Mohammadi won the Peace Prize.
It is noteworthy that the awards are given at award ceremonies held in Oslo and Stockholm in December. He is awarded a cash prize of 11 million Swedish kronor (about US$1 million). The winners also receive an 18-carat gold medal and diploma.