We wish to congratulate our colleague, friend, and co-founder of this blog, Chris Pissarides from the London School of Economics for the Nobel Prize in Economics that he received on October 11, 2010. Chris was cited by the Nobel Committee for his path-breaking work on labour markets. Together with Nobel prize co-laureates Peter Diamond from the Massachusetts Institute of Technology and Dale Mortensen from Northwestern University, they developed a new way of thinking about labour markets that emphasizes the role of search, both by workers for jobs and by employers for workers. Their work has led to a much richer understanding of labour markets, unemployment, and public policy.
An interview by Chris Pissarides in Vima newspaper here.