2023 Nobel Prize in Economics awarded to Claudia Goldin

Tags: Awards

American labor economist Claudia Goldin was awarded the 2023 Nobel Prize in Economics for her significant contributions to our understanding of women's labor market outcomes.

An Overview of the News

• Hans Ellgren, Secretary General of the Royal Swedish Academy of Sciences, announced the Nobel Prize awards in Stockholm on October 9.

• Claudia Goldin, born in New York in 1946, received her PhD from the University of Chicago and is currently a professor at Harvard University in Cambridge.

• Claudia Goldin became the third woman to receive the Nobel Prize in Economics, after Elinor Ostrom (2009) and Esther Duflo (2019). 

• Claudia Goldin will receive prize money of 11 million Swedish kronor.

Last year's Nobel Prize in Economics (2022):

• In 2022, the Nobel Prize in Economics was awarded to American economists Douglas Diamond and Philip Dybvig as well as former Federal Reserve chief Ben Bernanke for their research on banks during times of financial turmoil.

History of Nobel Prize in Economics:

• The Nobel Prize in Economics was first awarded in 1969 to Ragnar Frisch and Jan Tinbergen for their work on dynamic economic models.

First Nobel Prize Winner:

• Jean Henry Dunant and Frederick Passy were the first winners of the Nobel Peace Prize in 1901.

First Indian Nobel Prize Winner:

• Rabindranath Tagore was the first Indian to receive the Nobel Prize specifically in Literature in 1913.

About Nobel Prize in Economic Sciences:

• The Nobel Prize in Economic Sciences was established in 1968 by Sveriges Riksbank, the central bank of Sweden, in memory of Alfred Nobel. It is awarded by the Royal Swedish Academy of Sciences following the same principles as the original Nobel Prizes.

Indian Nobel Prize Winners in Economics:

• Amartya Sen is the only Indian economist to receive the Nobel Memorial Prize in Economic Sciences in 1998.

• Indian-American economist Abhijit Banerjee shared the Nobel Memorial Prize in Economic Sciences in 2019 with Esther Duflo and Michael Cramer for their experimental approach to addressing global poverty.