Gender gap economist Claudia Goldin wins Nobel prize

STORY: Goldin is only the third woman to win the Nobel economics prize.

"This year's Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women's earnings and labor market participation through the centuries," the prize-giving body said in a statement.

"Her research reveals the causes of change, as well as the main sources of the remaining gender gap."

The prestigious award, formally known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, is the last of this year's crop of Nobel prizes and is worth 11 million Swedish crowns ($999,137).