Claudia Goldin Receives Nobel Prize for Research on Women in the Labor Market

Claudia Goldin, a Harvard professor, has been awarded the Nobel Memorial Prize in Economic Sciences for her research on women's progress in the workforce. She is the third woman to win the economics Nobel and the first to be honored with it solo. Goldin's research has highlighted the reasons behind differences in labor force participation and earnings for women, showing that employment among married women decreased in the 1800s but increased in the 1990s with the expansion of the service sector. She has also demonstrated that the gender wage gap persists, particularly after the birth of a woman's first child.