Nobel Economics Prize,2023

• The Nobel Memorial Prize in Economic Sciences 2023 will be awarded to Claudia Goldin.

• She received the award "for advancing our understanding of women's labor market outcomes."

• She is the third woman to win the Nobel Economics Prize. Elinor Ostrom and Esther Duflo are two women who have received the Nobel Economics Prize.

• It is important for society to understand the role of women in the labor market.

• Claudia Goldin's research increased understanding of the underlying factors, which need to be addressed in the future.

• The economics prize was created by the central bank of Sweden in 1968. It is formally known as the Bank of Sweden Prize in Economic Sciences.

• The awards will be presented at ceremonies in Oslo and Stockholm in December. The prize fund is 11 million Swedish kronor (about $1 million) in cash.