Gender disparities and labour market outcomes in Pakistan.

Claudia Goldin, a distinguished US labour economist at Harvard University, has been awarded the prestigious Nobel Economics Prize 2023 by The Royal Swedish Academy of Sciences. 'This year's Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women's earnings and labour market participation through the centuries,' the prize-giving body said in a press release on October 9.

Goldin has achieved the remarkable distinction of being the third woman awarded the Nobel Economics Prize. Notably, she is also the first woman to receive this honour solely, without sharing it with any other recipient. It is worth noting fact that a significant gender disparity exists among Nobel Laureates in the field of economics, with 90 out of 93 laureates being men.

Goldin's research encompasses various subjects, such as the female labour force, the disparity in earnings between genders, income inequality, technological advancements, education, and immigration. Her research primarily focuses on interpreting the present phenomena by examining them through the lens of the past.

The scholastic contribution of Goldin is crucial in the pursuit of gender parity- equal contribution of women and men across all aspects of life. The importance of gender parity always remains a topic of concern among international communities. The significance of gender parity arises from its inclusion into the Millennium Development Goals (MDGs) and, subsequently, the Sustainable Development Goals (SDGs).

The SDGs encompass a comprehensive set of 17 interconnected objectives. These goals have been strategically formulated to act as a universal framework to foster peace and prosperity for humanity and the planet. Their purpose extends to the present and future generations, making them a crucial shared blueprint. Currently, SDG 5 focuses on achieving gender equality and empowering all girls. This goal comprises nine distinct targets and fourteen indicators used to evaluate the performance of these targets.

Gender equality is a crucial consideration in the development process. The bridging of the gender gap is imperative to uphold a just and impartial distribution of individuals within a given population. In order to effectively address this matter, it is imperative to implement a wide range of comprehensive socio-economic policy measures.

The global economies are currently making efforts to address the gender gap, as evidenced by the findings of the...