Claudia Goldin has studied 200 years of women’s participation in the workplace, showing that despite continued economic growth, women’s pay did not catch up to men’s - despite education
The 2021 Nobel Prize for Literature medal presented to Abdulrazak Gurnah, a Tanzanian-born novelist and emeritus professor who lives in the UK, is displayed before a ceremony to present to him at the Swedish Ambassador's Residence in London, on Dec. 6, 2021. The start of October is when the Nobel committees get together in Stockholm and Oslo to announce the winners of the yearly awards.
“Understanding women’s role in the labour market is important for society. Thanks to Claudia Goldin’s groundbreaking research, we now know much more about the underlying factors and which barriers may need to be addressed in the future,” said Jakob Svensson, chair of the Committee for the Prize in Economic Sciences.
However, “by finally understanding the problem and calling it by the right name, we will be able to pave a better route forward,” Hjalmarsson said. In Goldin’s analysis, a woman’s role in the job market and the pay she receives aren’t influenced just by broad social and economic changes. They also are determined partly by her individual decisions about, for example, how much education to get.
The economics award was created in 1968 by Sweden’s central bank and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel.
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