Christopher A. Pissarides, in full Christopher Antoniou Pissarides, (born February 20, 1948, Cyprus), British Cypriot economist who was a corecipient, with and, of the 2010 in Economic Sciences “for their analysis of with search frictions.” The theoretical framework collectively developed by the three men—which describes the search activity of the unemployed, the methods by which firms recruit and formulate, and the effects of economic policies and regulation—became widely used in labour market analysis.Pissarides grew up in and moved to to study at the University of Essex, where he received a B.A. (1970) and an M.A. (1971) in economics.
In recent years, the Mortensen-Pissarides search and matching model has become the standard theory of equilibrium unemployment (Mortensen and Pissarides 1994. Pissarides 2000).
He later earned a Ph.D. (1973) at the (LSE). After working briefly at the Central Bank of Cyprus, Pissarides returned to as a lecturer in economics at the University of Southampton. In 1976 he took a similar position at the and became a full professor 10 years later.
Pissarides wrote and lectured widely on labour market theory and policy, and his book Equilibrium Unemployment Theory (1990; 2nd ed. 2000) became a standard text in the field.Pissarides was honoured by the Nobel committee for his work, frequently conducted with Mortensen, that developed Diamond’s theories involving frictions within —cases in which buyers and sellers do not easily converge—and applied them to the job market. In the course of his research, Pissarides pioneered a theoretical analysis of the of, job vacancies, and real wages, and he helped to develop the concept of matching functions. Notably, he found that the more intensely job seekers looked for employment, the more jobs companies would offer because of the ease with which they could fill those positions.
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