The Nobel Prize

2010 Dale Mortensen (b. 1939)

Dale Thomas Mortensen (born February 2, 1939) is an American economist. He received his B.A. in economics from Willamette Universityand his Ph.D. in Economics from Carnegie Mellon University. He has been on the faculty of Northwestern University since 1965 and a professor of Managerial Economics and Decision Sciences at the Kellogg School of Management since 1980. He is also the Niels Bohr Visiting Professor at the School of Economics and Management, University of Aarhus, from 2006 to 2010. He was awarded the Nobel Prize in Economics jointly along with Christopher A. Pissarides from the London School of Economics and Peter A. Diamond from theMassachusetts Institute of Technology in 2010 for "for their analysis of markets with search frictions".

Mortensen's research focuses on labor economics, macroeconomics and economic theory. He is especially known for his pioneering work on the search and matching theory of frictional unemployment. He has extended the insights from this work to study labor turnover and reallocation, research and development, and personal relationships.


Main Published Works

(2007), 'More on unemployment and vacancy fluctuations.' Review of Economic Dynamics 10 (3), pp. 327–47.
(2005), Wage Dispersion: Why Are Similar Workers Paid Differently?, MIT Press.
(1998), 'Wage differentials, employer size, and unemployment.' International Economic Review 39, pp. 257–73.
(1994), 'Job creation and job destruction in the theory of unemployment.' Review of Economic Studies 61, pp. 397–415.
(1986), 'Job search and labor market analysis.' Ch. 15 of Handbook of Labor Economics, vol. 2, O. Ashenfelter and R. Layard, eds., North-Holland.
(1982), 'Property rights and efficiency of mating, racing, and related games.' American Economic Review 72 (5), pp. 968–79.
(1982), 'The matching process as a non-cooperative/bargaining game.' In The Economics of Information and Uncertainty, J. McCall, ed., NBER.
(1972), 'A theory of wage and employment dynamics.' In Microeconomic Foundations of Employment and Inflation Theory, E. Phelps et al., eds., Norton.


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