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In the world of economics, 2023 marked a significant milestone with the Nobel Prize in Economic Sciences awarded to Claudia Goldin, an esteemed American economic historian and a professor at Harvard University. Her remarkable achievement was attributed to her pioneering work that has significantly advanced our understanding of women s labor market outcomes.
The fundamental support to the market has come from the resilience of the US economy, the declining US bond yields and the hope that the Israel-Hamas conflict will remain a localised crisis.
The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2023 to Claudia Goldin, who has provided the first comprehensive account of women’s earnings and labor market participation through the centuries.
Claudia Goldin, who was awarded the Nobel Prize in Economics, says female participation in the workforce follows a U-shaped pattern as economic development occursÂ