Malala Yousafzai of Pakistan and Kailash Satyarthi of India have received the Nobel Peace Prize for risking their lives to fight for children's rights.

The 17-year-old Malala, the youngest ever Nobel winner, and Satyarthi, age 60, collected the award at a ceremony in the Norwegian capital to a standing ovation.

Saying that all children have a right to childhood and education instead of forced labor, Nobel committee chairman Thorbjorn Jagland said "this world conscience can find no better expression than through" this year's winners.

The Nobel awards in medicine, physics, chemistry and literature are set to be presented in Stockholm later Wednesday.

The award ceremonies are always held on Dec. 10, the anniversary of prize founder Alfred Nobel's death in 1896.