In a world where economic history has long been chronicled through a male lens, this year’s Nobel Prize winner for Economics Claudia Goldin has effectively broken that trend to become only the third woman since 1969 to win the prestigious award for her decades of work, studying the gender pay gap. No wonder, she has efficiently turned the spotlight on women’s economic roles and challenges. Her findings reveal the complexities of wage disparities, emphasizing issues that women face after childbirth. Ms. Goldin’s research doesn’t just attribute the gender pay gap to employer discrimination, and instead, her insights advocate for the establishment of a robust support system for working women. Her findings suggest strengthening child care facilities, improving parental leave policies, offering flexibility and bolstering policies for women at the workplace, as in the absence of such support women are bound to keep earning less than men after they become parents. Ms. Goldin’s Nobel recognition isn’t merely an honour for her achievement, but it serves as a beacon for women in economics and academia as a whole.
Ranganathan Sivakumar
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