Claudia Goldin, a Harvard University economics professor, is only the third woman to win the prize.
The Nobel Committee awarded its prize for economics to Harvard University professor Claudia Goldin, making her the third woman to have won the award, 'for having advanced our understanding of women's labour market outcomes.'Goldin's work chronicled the gap between women and men in the workplace just as they have gained rights over the past century that should put them on the same level as their male counterparts at work.
'For men, having the children and a wife who is the caregiver is related to their earnings boost,' Goldin and her colleagues wrote. 'Put simply: the motherhood penalty becomes very small as the children grow up, but the fatherhood advantage remains large and increases with age, especially among college graduates.'The lack of universal childcare in the U.S. hurts women and in turn damages the country's economy, as research by Oxford Economics illustrated last week.
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