Nobel economics prize goes to Claudia Goldin for research on the workplace gender gap — MarketVault

Nobel economics prize goes to Claudia Goldin for research on the workplace gender gap — MarketVault

(9 Oct 2023) RESTRICTION SUMMARY: ASSOCIATED PRESS Stockholm - 9 October 2023 1. Nobel panel arriving for the announcement 2. SOUNDBITE (English) Hans Ellegren, Secretary General, Royal Swedish Academy of Sciences: "The Royal Swedish Academy of Sciences has decided to award Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel 2023 to Professor Claudia Goldin, Harvard University, USA for having advanced our understanding of women's labour market outcomes." 3. Wide of picture of Claudia Goldin on screen 4. Mid of picture of Goldin 5. Wide of presentation given to explain the science 6. Various close-ups of presentation slide 7. Pan across the room of assembled journalists 8. SOUNDBITE (English) Randi Hjalmarsson, Nobel Economics committee member: "Claudia Goldin's discoveries have vast societal implications, and I don't think anyone says it better than Claudia Goldin herself. 'By finally understanding the problem and calling it by the right name, we will be able to pave a better route forward.' She has shown us that the nature of this problem or the source of this underlying gender gap changes throughout history and with the course of development.” 9. Cameraperson filming 10. End of news conference 11. SOUNDBITE (English) Christofer Edling, Nobel Economics committee member: "So substantially, of course, the issue of labor market participation and differences between men and women is about economic efficiency of markets. So is there risk that we're wasting potential by having women not participating in the labor market?" 12. Pan across portraits of former members of the Royal Swedish Academy of Sciences 13. Tilt up to one of only three portraits of women in the hall 14. SOUNDBITE (English) Christofer Edling, Nobel Economics committee member: "From a social science point of view, I think it's an important prize because it combines very detailed and ambitious economic history that goes into collecting data that was previously unknown, establishing facts that we weren't aware about just some 50 years ago, and combining that to solid economic theory in terms of providing explanations for why these patterns look the way they do." 15. Pan across hall STORYLINE: The Nobel economics prize was awarded Monday to Claudia Goldin, a professor at Harvard University, US, for research that has advanced the understanding of the gender gap in the labor market. The announcement went a tiny step to closing the Nobel committee’s own gender gap: Goldin is just the third woman to win the prize out of 93 economics laureates. She has studied 200 years of women's participation in the workplace, showing that despite continued economic growth, women's pay did not continuously catch up to men's and a divide still exists despite women gaining higher levels of education than men. "Claudia Goldin's discoveries have vast societal implications," said Randi Hjalmarsson, a member of the prize committee, adding that Goldin does not offer solutions, but her research allows policymakers to tackle the entrenched problem. The prize follows the awards in medicine, physics, chemistry, literature and peace that were announced last week. The economics award was created in 1968 by Sweden's central bank and is formally known as the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. The prizes are handed out at awards ceremonies in December in Oslo and Stockholm. They carry a cash award of 11 million Swedish kronor (about $1 million). Winners also receive an 18-carat gold medal and diploma. AP video filmed by David Keyton Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: https://twitter.com/AP_Archive Facebook: https://www.facebook.com/APArchives Instagram: https://www.instagram.com/APNews/ You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/d8ef383e29d642a2a46dc6dd2b7f4c7e

About This Footage

The 2023 Nobel Memorial Prize in Economic Sciences awarded to Claudia Goldin is a significant milestone in the field of economics, and this footage provides an intimate look at the announcement and its implications. As an American economic historian and labor economist, Goldin's work has shed light on the workplace gender gap, making her the third woman to win the prestigious award solo.

The clip begins with the Nobel panel arriving for the announcement, setting the tone for a momentous occasion. The Secretary General of the Royal Swedish Academy of Sciences, Hans Ellegren, delivers the news that Goldin will receive the prize "for having advanced our understanding of women's labor market outcomes." This statement is a testament to Goldin's groundbreaking research and its impact on the field.

The footage then cuts to a presentation given by the Nobel Economics committee members, Randi Hjalmarsson and Christofer Edling. They explain that Goldin's discoveries have far-reaching societal implications, highlighting the importance of understanding the root causes of the gender gap in labor market participation. The committee members emphasize that Goldin's work has shown that the nature of this problem changes throughout history and with development.

The clip also features a news conference where Goldin is not present but her words are quoted: "By finally understanding the problem and calling it by the right name, we will be able to pave a better route forward." This quote underscores the significance of Goldin's research in addressing the workplace gender gap. The committee members' discussion on the economic efficiency of markets and the potential waste of human capital due to women not participating in the labor market adds depth to the conversation.

The footage also provides a glimpse into the history of the Nobel Prize, with portraits of former members of the Royal Swedish Academy of Sciences adorning the walls. The scarcity of female portraits in this hall is a poignant reminder of the underrepresentation of women in the field of economics and the significance of Goldin's achievement.

This clip is notable not only because it captures the momentous occasion of Goldin receiving the Nobel Prize but also because it provides insight into her groundbreaking research on the workplace gender gap. The footage offers a unique perspective on the impact of Goldin's work, as well as the perspectives of the Nobel Economics committee members on its significance.

As an expert in labor economics and economic history, Claudia Goldin has made significant contributions to our understanding of women's labor market outcomes. This footage is a testament to her dedication to advancing knowledge in this field and serves as a reminder of the importance of addressing the workplace gender gap.

Editorial context researched and compiled from verified sources.