economics
Stockholm (AFP) - The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for research that has helped bring understanding to the role of women in the labour market. The 77-year-old Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labour market outcomes," the jury said. The Nobel is a "very important prize, not just for me, but for the many people who work in this field and who are trying to understand why there is so much change, but there are still large...
AFP
Paris (AFP) - Claudia Goldin has long thought of herself as a kind of detective within economics, employing tools across academic disciplines in a quest to examine how women fit into the workforce. On Monday, Goldin, the first woman to be tenured at Harvard University's economics department, attained the "dismal science" most exalted honour: the Nobel Prize for Economics. Reached by telephone, Goldin told AFP the Nobel is a "very important prize, not just for me, but for the many people who work in this field and who are trying to understand why there is so much change, but there are still lar...
AFP
Stockholm (AFP) - The Nobel prize in economics was on Monday awarded to American economist Claudia Goldin for her research helping understand the role of women in the labour market. The Harvard professor, who is the third woman to be awarded the prestigious economics prize, was given the nod "for having advanced our understanding of women's labour market outcomes," the jury said. "Her research reveals the causes of change, as well as the main sources of the remaining gender gap," it added in a statement. Globally, about 50 percent of women participate in the labour market compared to 80 percen...
AFP
Stockholm (AFP) - A US trio including ex-Federal Reserve chief Ben Bernanke, who played a key role battling the 2008 financial crisis, won the economics Nobel on Monday for research on banks in times of turmoil. Bernanke, together with Douglas Diamond and Philip Dybvig, were honoured for having "significantly improved our understanding of the role of banks in the economy, particularly during financial crises, as well as how to regulate financial markets", the jury said. Bernanke, 68, has been both credited for spurring recovery after the 2008 recession and pilloried by critics for doing little...
AFP
Stockholm (AFP) - Three US-based academics on Monday won the Nobel Economics Prize for research on the labour market using "natural experiments", or observational studies, that have revolutionised empirical research in the field, the jury said. Canadian-American David Card, Israeli-American Joshua Angrist and Dutch-American Guido Imbens shared the prize for providing "new insights about the labour market" and showing "what conclusions about cause and effect can be drawn from natural experiments," the Nobel committee said in a statement. The Economics Prize wrapped up a male-dominated 2021 Nobe...
AFP
Paris (AFP) - The United States is updating a figure that experts say could help transform American climate action and reverberate around the world -- the price it puts on future damages to society caused by carbon pollution today. That all-important number -- the dollar value of the climate change harm attributable to a tonne of CO2 -- is known as the social cost of carbon (SCC), or as some have called it, "the most important number you've never heard of". Put simply, a higher number can spur more aggressive policies to tame global warming, a lower number may make action seem unaffordable. ...
AFP
Paris (AFP) - Humanity's unbridled growth in recent decades has come at a "devastating cost to nature" according a wide-ranging international review on the vital economic role played by our living planet. The 600-page rundown of scientific material commissioned by the British government highlighted the precarious state of biodiversity and warned that only a sea change in how countries power economic growth could prevent catastrophic impacts for nature, and humanity. The Dasgupta Review -- a two-year global collaboration of hundreds of academics overseen by Partha Dasgupta, professor emeritus ...
AFP
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