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Christopher A. Pissarides

Christopher Pissarides
Official LSE portrait of Professor Sir Christopher Pissarides
Born (1948-02-20) 20 February 1948 (age 67)[1]
Nicosia, Cyprus
Nationality Cypriot, British
Institution London School of Economics 1976–
University of Southampton 1974–76
University of Cyprus 2011–[2]
Hong Kong University of Science and Technology 2013–[3]
Field Labour economics
Alma mater London School of Economics
University of Essex
Influences Michio Morishima
Dale Mortensen
Contributions Macroeconomic Search and Matching Theories of Unemployment
Matching Function
Structural Growth
Awards 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[1]) 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.[4]


Pissarides was born in Cyprus[5] (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.[6]

He is Regius Professor of Economics at the London School of Economics (where he has been since 1976).[7] and Chair of the Centre for Macroeconomics.

Academic contributions

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.[8] 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

Pissarides was knighted in the 2013 Birthday Honours for services to economics.[12]

Selected works

File:Nobel Prize 2010-Press Conference KVA-DSC 8011.jpg
Nobel Prize 2010, press conference with the laureates of the Nobel prizes in chemistry and physics and the memorial prize in economic sciences at the KVA


  1. ^ a b Prof Christopher Pissarides at
  2. ^ [1]
  3. ^ [2]
  4. ^ 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
  5. ^ "Christopher A. Pissarides – Biographical". Retrieved 11 October 2010. 
  6. ^ a b c "LSE – Christopher A. Pissarides – CV" (PDF). Retrieved 11 October 2010. 
  7. ^ "News". 14 June 2007. Retrieved 11 October 2010. 
  8. ^ 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. 
  9. ^ IZA (12 August 2010). "Prize". IZA. Retrieved 11 October 2010. 
  10. ^ a b "The Prize in Economic Sciences 2010". Retrieved 11 October 2010. 
  11. ^ "3 Share Nobel Economics Prize for Market Analysis". New York Times. 12 October 2010. Retrieved 12 October 2010. 
  12. ^ The London Gazette: (Supplement) no. 60534. p. 2. 15 June 2013.

External links

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