Christopher A. Pissarides
Official LSE portrait of Professor Sir Christopher Pissarides
20 February 1948|
London School of Economics 1976–|
University of Southampton 1974–76
University of Cyprus 2011–
Hong Kong University of Science and Technology 2013–
London School of Economics|
University of Essex
Macroeconomic Search and Matching Theories of Unemployment|
IZA Prize in Labor Economics (2005)|
Nobel Memorial Prize in Economic Sciences
|Information at IDEAS / RePEc|
Sir Christopher Antoniou Pissarides FBA (Greek: Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948) is a Cypriot/British economist. He is the School Professor of Economics & Political Science and Regius Professor of Economics at the London School of Economics. His research interests focus on several topics of macroeconomics, notably labour, economic growth, and economic policy. In 2010, he was awarded the Nobel Prize in economics, jointly with Peter A. Diamond and Dale Mortensen, for his contributions to the theory of search frictions and macroeconomics.
Pissarides was born in Cyprus (into a Greek-Cypriot family) in the village of Agros. He received his B.A. in Economics in 1970 and his M.A. in Economics in 1971 at the University of Essex. He subsequently enrolled in the London School of Economics, where he received his PhD in Economics in 1973 under the supervision of the mathematical economist Michio Morishima for thesis titled Individual behaviour in markets with imperfect information.
Pissarides is mostly known for his contributions to the search and matching theory for studying the interactions between the labour market and the macro economy. He helped develop the concept of the matching function (explaining the flows from unemployment to employment at a given moment of time), and pioneered the empirical work on its estimation. Pissarides has also done research on structural change and growth.
Pissarides' most influential paper is arguably "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen)", published in the Review of Economic Studies in 1994. This paper built on the previous individual contributions that both authors had been making in the previous two decades.
The Mortensen-Pissarides model that resulted from this paper has been exceptionally influential in modern macroeconomics. In one or another of its extensions or variations, today it is part of the core of most graduate economics curricula throughout the world.
Pissarides' book Equilibrium Unemployment Theory, a standard reference in the literature of the macroeconomics of unemployment, is now in the second edition, and was revised after Pissarides's joint work with Mortensen, resulting in the analysis of both endogenous job creation and destruction.
Awards and honours
- Fellow of the Econometric Society, 1997
- Fellow of the British Academy, 2002
- Fellow of the European Economic Association, 2005
- IZA Prize in Labor Economics, jointly with Dale Mortensen, 2005
- Foreign Honorary Member of the American Economic Association, 2011
- Vice-President of the European Economic Association – President in 2011
- Nobel Prize in Economics in 2010, jointly with Dale Mortensen, Peter A. Diamond, for "analysis of markets with search frictions"
- The College Historical Society of Trinity College Dublin awarded Pissarides its Gold Medal for Outstanding Contribution to Public Discourse in 2012
- "Job Matchings with State Employment Agencies and Random Search". Economic Journal 89 (356): 818–833. 1979. JSTOR 2231501.
- "Short-Run Equilibrium Dynamics of Unemployment, Vacancies, and Real Wages". American Economic Review 75 (4): 676–690. 1985. JSTOR 1821347.
- "Unemployment and Vacancies in Britain". Economic Policy 1 (3): 499–559. 1986. JSTOR 1344583.
- . (with Dale Mortensen). "Job Creation and Job Destruction in the Theory of Unemployment". Review of Economic Studies 61 (3): 397–415. 1994. doi:10.2307/2297896.
- Equilibrium Unemployment Theory (Second ed.). Cambridge, MA: MIT Press. 2000. ISBN 0-262-16187-7. Description and chapter-preview links.
- . (with L. Rachel Ngai). "Structural Change in a Multi-Sector Model of Growth" (PDF). American Economic Review 97 (1): 429–443. 2007. JSTOR 30034402. doi:10.1257/aer.97.1.429.
- Prof Christopher Pissarides at debretts.com
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides, official web site
- "Christopher A. Pissarides – Biographical". Nobelprize.org. Retrieved 11 October 2010.
- "LSE – Christopher A. Pissarides – CV" (PDF). Retrieved 11 October 2010.
- "News". Salome.lse.ac.uk. 14 June 2007. Retrieved 11 October 2010.
- Mortensen, Dale T.; Pissarides, Christopher A. (1994). "Job Creation and Job Destruction in the Theory of Unemployment". Review of Economic Studies 61 (3): 397–415. doi:10.2307/2297896.
- IZA (12 August 2010). "Prize". IZA. Retrieved 11 October 2010.
- "The Prize in Economic Sciences 2010". Nobelprize.org. Retrieved 11 October 2010.
- "3 Share Nobel Economics Prize for Market Analysis". New York Times. 12 October 2010. Retrieved 12 October 2010.
- The London Gazette: . 15 June 2013.
- Christopher A Pissarides personal page at London School of Economics
- Christopher Pissarides Personal Website
- Whos is Pissarides
- Equilibrium in the Labour Market with Search Frictions 2010 lecture at NobelPrize.org
- Profile and Papers at Research Papers in Economics/RePEc
- Christopher Pissarides, The Cypriot Nobel Prize Winner Commemorative Stamp Issue from the Cyprus Post.
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