Christopher A. Pissarides

{{Infobox economist

| honorific_prefix = Sir

| name = Christopher Pissarides

| school_tradition =

| image = Christopher_Pissarides_Wiki_MR2013.jpg

| caption =Pissarides in 2014

| native_name_lang = Christopher Antoniou Pissarides

| birth_date = {{birth date and age|df=yes|1948|2|20}}

| birth_place = Nicosia, British Cyprus

| death_date =

| death_place =

| nationality = Cypriot

| citizenship = Cypriot
British

| institution = London School of Economics 1976–present
University of Southampton 1974–76
University of Cyprus 2011–present{{cite web |url=http://www.aboutcyprus.org.cy/en/about-cyprus/feature-articles |access-date=2018-02-28 |url-status=dead |archive-url=https://web.archive.org/web/20130512164654/http://www.aboutcyprus.org.cy/en/about-cyprus/feature-articles|title= Christophoros Pissarides won the 2010 Nobel Prize in Economic Sciences|archive-date=12 May 2013 |df=dmy-all }}
Hong Kong University of Science and Technology 2013–present{{cite web|url=https://iems.ust.hk/people/faculty-associates/christopher-pissarides|title=Christopher Pissarides - People - HKUST Institute for Emerging Market Studies|last=designquest.com.hk|website=iems.ust.hk|access-date=18 June 2019}}

| field = Labour economics

| alma_mater = London School of Economics (PhD)
University of Essex (BSc,MSc)

| doctoral_advisor = Michio Morishima

| academic_advisors=

| doctoral_students=

| notable_students =

| contributions = Macroeconomic search and matching theories of unemployment,
matching function,
structural growth

| awards = IZA Prize in Labor Economics (2006)
{{awd|Nobel Memorial Prize in Economic Sciences|(2010)}}

| signature =

| repec_prefix = e | repec_id = ppi12

}}

Sir Christopher Antoniou Pissarides {{post-nominals|country=GBR|FBA}} ({{IPAc-en|ˌ|p|ɪ|s|ə|ˈ|r|iː|d|iː|z}}; {{langx|el|Χριστόφορος Αντωνίου Πισσαρίδης}}; born 20 February 1948[http://www.debretts.com/people/biographies/browse/p/12051/Christopher%20Antoniou%20PISSARIDES.aspx Prof Christopher Pissarides] {{webarchive|url=https://web.archive.org/web/20101014203011/http://www.debretts.com/people/biographies/browse/p/12051/Christopher%20Antoniou%20PISSARIDES.aspx |date=14 October 2010 }} at debretts.com) is a Cypriot economist. He is Regius Professor of Economics at the London School of Economics, and Professor of European Studies at the University of Cyprus.[https://legacy.iza.org/en/webcontent/personnel/vitae/pissarides_cv.pdf Pissarides CV] legacy.iza.org His research focuses on macroeconomics, labour economics, economic growth, and economic policy. In 2010 he received the Nobel Prize in Economics along with Peter Diamond and Dale Mortensen, "for their analysis of markets with theory of search frictions."[http://nobelprize.org/nobel_prizes/economics/laureates/2010/ The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 : Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides], Noberl Prize Organization website

Early life

Pissarides was born in Nicosia, Cyprus,{{cite web|url=http://nobelprize.org/nobel_prizes/economics/laureates/2010/pissarides.html |title=Christopher A. Pissarides: Facts |publisher=Nobel Prize Organization website |access-date=11 October 2010}} into a Greek Orthodox family from the village of Agros.{{cite web|url=https://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2010/pissarides-autobio.pdf|title=Christopher Pissarides] autobiography, Nobel Prizes Organization website|website=nobelprize.org|access-date=18 June 2019}} He first studied at the Pancyprian Gymnasium in Nicosia. After serving in the Cypriot National Guard, he attended the University of Essex, where he received undergraduate and graduate degrees in economics. He then studied at the London School of Economics, where he received a PhD in economics, writing a thesis titled Individual behaviour in markets with imperfect information under the supervision of Michio Morishima.{{cite web |url=http://personal.lse.ac.uk/pissarid/CV.pdf |title=Christopher A. Pissarides CV |access-date=28 February 2018 |archive-date=3 December 2013|publisher=London School of Economics |archive-url=https://web.archive.org/web/20131203065822/http://personal.lse.ac.uk/pissarid/CV.pdf }}

Career

Pissarides is Regius Professor of Economics at the London School of Economics, where he has taught since 1976.{{cite web |url=http://salome.lse.ac.uk/news/archives/20062007.html |title=News |publisher=Salome.lse.ac.uk |date=14 June 2007 |access-date=11 October 2010 |url-status=dead |archive-url=https://archive.today/20120715145957/http://salome.lse.ac.uk/news/archives/20062007.html |archive-date=15 July 2012 |df=dmy-all }} He is chairman of the Centre for Macroeconomics, which deploys economists from the University of Cambridge, the London School of Economics, the University College London, the Bank of England, and the National Institute of Economic and Social Research.[http://www.lse.ac.uk/newsAndMedia/news/archives/2013/01/New-Centre-for-Macroeconomics-launched-at-LSE.aspx "New Centre for Macroeconomics launched at LSE"], LSE website, 16 January 2013

He has held a lectureship at the University of Southampton (1974–76), and visiting professorships at Harvard University (1979–80) and the University of California, Berkeley (1990–91).

He served as the chairman of the National Economy Council of the Republic of Cyprus during the country's financial crisis in 2012, and resigned to focus on his academic work at the end of 2014.

In 2018, in collaboration with Naomi Climer and Anna Thomas, he founded the Institute for the Future of Work, a London-based research and development institute exploring how new technologies transform work and working lives.{{cite web|url=https://www.ifow.org/|title=Institute for the Future of Work|website=Institute for the Future of Work|access-date=8 August 2022}}

In February 2020, Greek prime minister Kyriakos Mitsotakis appointed Pissarides to the chairmanship of a committee tasked with drafting a long-term growth strategy for the country.{{cite news|url=https://www.reuters.com/article/greece-economy-pm/greece-names-nobel-economics-laureate-to-seek-growth-areas-idUSL8N2AI4U2|title=Greece names Nobel economics laureate to seek growth areas|website=Reuters|date=18 February 2020|access-date=15 July 2020}} Since September 2020 he has been chairman of the economic council of EuroAfrica Interconnector.{{Cite news|url=https://cyprus-mail.com/2020/09/10/nobel-prize-winner-appointed-chair-of-egypt-cyprus-electricity-project/|title=Nobel prize winner appointed chair of Egypt-Cyprus electricity project|work=Cyprus Mail|date=16 February 2024}} {{dead link|date=February 2024}}

In June 2021, it was announced that he would lead a review into the future of work and wellbeing, a three-year collaboration between the Institute for the Future of Work, Imperial College London, and Warwick Business School, funded by a £1.8 million grant from the Nuffield Foundation.{{Cite web|url=https://www.ifow.org/news-articles/ifow-announce-the-future-of-work-and-wellbeing-the-pissarides-review|title=The Institute for the Future of Work announces the Pissarides Review into the Future of Work and Wellbeing - IFOW|website=www.ifow.org|accessdate=19 February 2024}} The Pissarides Review into the Future of Work and Wellbeing was launched in March 2022.{{Cite web|url=https://www.ifow.org/event/pissarides-review-future-work-wellbeing|title=The Pissarides Review into the Future of Work and Wellbeing - IFOW|website=www.ifow.org|accessdate=19 February 2024}}

Academic contributions

One of Pissarides' papers, "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen), was published in the Review of Economic Studies in 1994.{{cite journal |first1=Dale T. |last1=Mortensen |first2=Christopher A. |last2=Pissarides |year=1994 |title=Job Creation and Job Destruction in the Theory of Unemployment |url=http://www.iab.de/UserFiles/File/downloads/gradab/Dokumente%20Garloff/Mortensen_Pissarides_1994_Job%20creation%20and%20job%20destruction%20in%20the%20theory%20of%20unemployment_RES_pp_397_415.pdf |journal=Review of Economic Studies |volume=61 |issue=3 |pages=397–415 |doi=10.2307/2297896 |jstor=2297896 |access-date=27 February 2018 |archive-date=1 September 2022 |archive-url=https://web.archive.org/web/20220901050229/http://www.iab.de/UserFiles/File/downloads/gradab/Dokumente%20Garloff/Mortensen_Pissarides_1994_Job%20creation%20and%20job%20destruction%20in%20the%20theory%20of%20unemployment_RES_pp_397_415.pdf |url-status=dead }} He has also written the book Equilibrium Unemployment Theory, a study of the macroeconomics of unemployment.

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{{cite web|author=IZA |url=http://www.iza.org/en/webcontent/prize/history/prize2005/iza_prize |title=Prize |publisher=IZA |date=12 August 2010 |access-date=11 October 2010}}
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"{{cite web|url=http://nobelprize.org/nobel_prizes/economics/laureates/2010/ |title=The Prize in Economic Sciences 2010 |publisher=Nobelprize.org |access-date=11 October 2010}}{{cite news |title=3 Share Nobel Economics Prize for Market Analysis |newspaper=The New York Times |date=12 October 2010 |url=https://www.nytimes.com/2010/10/12/business/economy/12nobel.html?_r=1 |access-date=12 October 2010}}
The College Historical Society of Trinity College Dublin awarded Pissarides its Gold Medal for Outstanding Contribution to Public Discourse in 2012
In 2013, Knighted in the 2013 Birthday Honours for "services to economics."{{London Gazette|issue=60534 |supp=y|page=2|date=15 June 2013}}
Member of the Academy of Athens, 2015{{cite web|url=http://www.academyofathens.gr/ecportal.asp?id=3687&nt=105&lang=1|trans-title=Election of Prof. Christopher Pissarides, holder of the Nobel Prize in Economics, as member of the Academy of Athens|title=Εκλογή του καθηγητή κ. Χριστόφορου Πισσαρίδη, κατόχου βραβείου Νόμπελ Οικονομικής Επιστήμης, ως Τακτικού Μέλους της Ακαδημίας Αθηνών|publisher=Academy of Athens|date=6 November 2015|access-date=2018-02-28|url-status=dead|archive-url=https://web.archive.org/web/20151227000237/http://www.academyofathens.gr/ecportal.asp?id=3687&nt=105&lang=1|archive-date=27 December 2015|df=dmy-all}}
Honorary Doctorate from the National and Kapodistrian University of Athens, 2025.{{cite web

|title=NKUA: Christoforos Pissarides awarded honorary doctorate by the Department of Economics

|url=https://www.ipaidia.gr/paideia/epitimos-didaktoras-tou-ekpa-o-nobelistas-christoforos-pissaridis-poios-einai/

|website=ipaidia.gr

|date=2025-04-08

|access-date=2025-04-09

}}

Selected works

File:Nobel Prize 2010-Press Conference KVA-DSC 8011.jpg, 2010]]

{{cite journal |year=1979 |title=Job Matchings with State Employment Agencies and Random Search |journal=Economic Journal |volume=89 |issue=356 |jstor=2231501 |pages=818–833 |last1=Pissarides |first1=C. A. |doi=10.2307/2231501 }}
{{cite journal |title=Short-Run Equilibrium Dynamics of Unemployment, Vacancies, and Real Wages |journal=American Economic Review |year=1985 |volume=75 |issue=4 |pages=676–690 |jstor=1821347 |last1=Pissarides |first1=Christopher A. }}
{{cite journal |year=1986 |title=Unemployment and Vacancies in Britain |journal=Economic Policy |volume=1 |issue=3 |jstor=1344583 |pages=499–559 |title-link=United Kingdom |last1=Pissarides |first1=Christopher |last2=Layard |first2=Richard |last3=Hellwig |first3=Martin |doi=10.2307/1344583 }}
{{cite journal |year=1994 |title=Job Creation and Job Destruction in the Theory of Unemployment |others=(with Dale Mortensen) |journal=Review of Economic Studies |volume=61 |issue=3 |pages=397–415 |doi=10.2307/2297896 |jstor=2297896 |last1=Mortensen |first1=D. T. |last2=Pissarides |first2=C. A. }}
{{cite book |year=2000 |title=Equilibrium Unemployment Theory |edition=Second |location=Cambridge, MA |publisher=MIT Press |isbn=978-0-262-16187-9 }} [https://web.archive.org/web/20101031001314/http://mitpress.mit.edu/catalog/item/default.asp?tid=3395&ttype=2 Description] and chapter-preview [https://books.google.com/books?id=BF-oRNcjclcC links.]
{{cite journal |title=Structural Change in a Multi-Sector Model of Growth |others=(with L. Rachel Ngai) |journal=American Economic Review |volume=97 |issue=1 |pages=429–443 |year=2007 |jstor=30034402 |doi=10.1257/aer.97.1.429 |url=http://personal.lse.ac.uk/pissarid/papers/NPfinalAER.pdf |url-status=dead |archive-url=https://web.archive.org/web/20120717093324/http://personal.lse.ac.uk/pissarid/papers/NPfinalAER.pdf |archive-date=17 July 2012 |df=dmy-all |last1=Ngai |first1=L. Rachel |last2=Pissarides |first2=Christopher A. |s2cid=14126725 }}

References

External links

[https://web.archive.org/web/20060630095954/http://personal.lse.ac.uk/PISSARID/ Christopher A Pissarides] personal page at London School of Economics
[http://christopherpissarides.com Christopher Pissarides]' personal website
{{Nobelprize}} including the Nobel lecture on 8 December 2010 Equilibrium in the Labour Market with Search Frictions
[https://ideas.repec.org/e/ppi12.html Profile] and [http://econpapers.repec.org/RAS/ppi12.htm Papers] at Research Papers in Economics/RePEc
[http://www.philatelism.com/details.php?issueid=2498 Christopher Pissarides] {{Webarchive|url=https://web.archive.org/web/20150924072310/http://www.philatelism.com/details.php?issueid=2498 |date=24 September 2015 }} commemorative postage stamp issued from the Cyprus Post Office, 8 June 2011

{{s-bef | before = Elinor Ostrom | before2 = Oliver E. Williamson }}

{{s-ttl | title = Laureate of the Nobel Memorial Prize in Economics | years = 2010 | alongside = Peter A. Diamond, Dale T. Mortensen }}

{{s-aft | after = Thomas J. Sargent | after2 = Christopher A. Sims }}

Category:1948 births

Category:Living people

Category:Cypriot Nobel laureates

Category:Cypriot economists

Category:Labor economists

Category:Members of the Academy of Athens (modern)

Category:Fellows of the Econometric Society

Category:Fellows of the British Academy

Category:Knights Bachelor