The Nobel Prize

2010 Christopher Pissarides (b. 1948)


Christopher Pissarides is Professor of Economics at the London School of Economics and holder of the Norman Sosnow Chair in Economics. He specialises in the economics of unemployment, labour-market theory, labour-market policy and more recently he has written about growth and structural change. He has written extensively in professional journals and his book Equilibrium Unemployment Theory, now in its second edition, is a standard reference in the economics of unemployment. In 2009 he is serving as Vice President of the European Economic Association, to become President Elect in 2010 and President in 2011.

He has served as Head of the Economics Department at LSE, and he is an elected Fellow of the British Academy, the Econometric Society, the European Economic Association and the Society of Labor Economists. He is also a member of Council of the European Economic Association and the Econometric Society and a former member of Council of the Royal Economic Society.





He is the chairman of the Economica board, and a member of other editorial boards, a research fellow of the Centre of Economic Performance at LSE (and a former head of its Macroeconomics Research Programme), of the Centre for Economic Policy Research (London), and of the Institute for the Study of Labor (IZA, Bonn). He is also a Non-National Senior Associate, Forum for Economic Research in the Arab Countries, Iran and Turkey and a former member of the Monetary Policy Committee of the Central Bank of Cyprus (2000-2007). He has served on the European Employment Task Force (2003) and he has been a consultant on employment policy and other labour issues for the World Bank, the European Commission, the Bank of England and the OECD.

In 2005 he was awarded the IZA Prize in Labor Economics (jointly with Dale Mortensen) for his work on unemployment and in 2008 he received the Republic of Cyprus “Aristeion” for the Arts, Literature and Science.









Main Published Works


(1976) Labour Market Adjustment, Cambridge University Press
(2000) Equilibrium Unemployment Theory, 1st edition Blackwell, 1990, second edition MIT Press,
2000, reprinted 2008.
(1985) Short-Run Equilibrium Dynamics of Unemployment, Vacancies and Real Wages, American 
Economic Review 75 (September 1985) 676-90
(1994) Unemployment and Vacancies in Britain, Economic Policy 3 (October 1986) 499-540 
Job Creation and Job Destruction in the Theory of Unemployment (with Dale Mortensen),
Review of Economic Studies 61 (July 1994) 397-415
(1998) The Impact of Employment Tax Cuts on Unemployment and Wages: The Role of Unemployment Benefits and Tax Structure, European Economic Review, 42 (January 1998) 155-183
(2001)Looking into the Black Box: A Survey of the Matching Function (with Barbara Petrongolo) Journal of Economic Literature 38 (June 2001) 390-431
(2007) Structural Change in a Multi-Sector Model of Growth (with L. Rachel Ngai), American Economic Review, 97 (March 2007) 429-443
The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer?, Econometrica, in press

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