The 2023 Nobel Prize in Economics honors an American female professor

Ms. Claudia Goldin is the third woman to win the Nobel Prize in Economics in the 55-year history of this award .

At 4:50 p.m. on October 9 (Hanoi time), the Royal Swedish Academy of Sciences announced that the 2023 Nobel Prize in Economics went to Claudia Goldin (USA). She was awarded "for increasing world understanding of the impact of women on the labor market".

Goldin is 77 years old and is currently a professor at Harvard University (USA). The Nobel committee considered Goldin the first person to provide a comprehensive view of women's earnings and contributions to the labor market.

She has been collecting data about America for 200 years. The aim is to find out the ways and causes of gender gaps in earnings and labor force participation rates.

The research focus is that women's choices are always limited by marriage and family responsibilities. Her research not only reveals new trends and uncovers the causes of change, but also goes straight to the main causes of gender inequality.

"Understanding women's role in the labor market is important for society. Thanks to Claudia Goldin's groundbreaking research, we know more about the underlying factors and barriers that need to be addressed." decisions in the future" , commented Jakob Svensson - Chairman of the Nobel Prize in Economics Council.

Professor Claudia Goldin won this year's Nobel Prize in Economics. (Photo: Harvard University).

Goldin's research does not offer a solution. However, her findings are said to be able to help officials solve problems that have existed for many years.

Globally, about 50% of women are participating in the labor market. This rate for men is 80%. However, women are currently paid less and also have fewer opportunities for career advancement than men, the Nobel Assembly said.

Of all the Nobel Prizes, Economics is also the field with the least female representation. After 55 years of organization, only 3 women have ever won this award. They are Elinor Ostrom in 2009, Esther Duflo in 2019 and Claudia Goldin this year.

Goldin is also the first woman to be awarded this award alone. Both Ostrom and Duflo received the Nobel Prize with their male colleagues.

Last year, the award was given to former Fed Chairman Ben Bernanke and two scientists Philip Dybvig and Douglas Diamond. They were honored for their research on banking and financial crises.

Economics is the last prize awarded each annual Nobel season, after the Nobels in Medicine, Physics, Chemistry, Literature and Peace. The Nobel for economics is not part of the original prize structure in the will of Swedish scientist Alfred Nobel. This award was added in 1968, on the occasion of the 300th anniversary of the establishment of the Swedish Central Bank - Sveriges Riksbank, which also contributes funds to this award.

However, the process of nominating, selecting and awarding the Nobel Prize in Economics remains similar to other fields. The scientist who wins this year's Nobel Prize in Economics will be awarded 11 million Swedish kronor (about 986,000 USD).

To date, the Nobel Prize in Economics has been awarded 55 times. The youngest person named was 46 years old, and the oldest was 90 years old.

Nobel Economics List for the years 2012 - 2022

Five 2022 National Building Award WinnersBen Bernanke, Philip Dybvig and Douglas DiamondThe role of banks in the financial crisis.USA2021David Card, Joshua Angrist and Guido ImbensLabor economics and methodology in causalityCanada,USA and Netherlands Lan2020Paul R.Milgrom and Robert B.WilsonAuction TheoryAmerica2019

Abhijit Banerjee, Esther Duflo and Michael Kremer

Empirical approaches to reducing global povertyUSA and France2018

William Nordhaus

Paul Romer

Climate economics

Endogenous growth theory

USA2017Richard H.ThalerBehavioral economicsUSA2016Oliver Hart and Bengt HolmströMContract theoryUSA and Finland2015Angus DeatonThe relationship between consumption, poverty and welfareUSA2014Jean TiroleHow to manage large corporations and companies in the market.France2013Eugene F. Fama, Lars Peter Hansen, Robert J. ShillerAsset price analysisUSA2012Alvivin E.Roth and Lloyd S.ShapleyStable distribution theory and practice of market creationUSA