US economist Claudia Goldin was announced as the winner of Nobel in Economics. The award was given for her study of women’s labour market outcomes.
Uncovering the gender pay gap, the Harvard professor said she ‘always wanted to be a detective and had finally succeeded.’
Goldin showed that female participation in the labour market did not have an upward trend in the last 200 years. Instead, it formed a U-shape curve.
The Nobel Committee credited Goldin with exploring the ‘underlying factors and barriers that may need to be addressed in the future.’
Goldin has now become the third woman to win the Nobel in Economics. Esther Duflo and Elinor Ostrom were given the prize in 2019 and 2009.