Christopher A. Pissarides Explained

Honorific Prefix:Sir
Christopher Pissarides
Native Name Lang:Christopher Antoniou Pissarides
Birth Date:1948 2, df=yes
Birth Place:Nicosia, British Cyprus
Nationality:Cypriot
Citizenship:Cypriot
British
Institution:London School of Economics 1976–present
University of Southampton 1974–76
University of Cyprus 2011–present[1]
Hong Kong University of Science and Technology 2013–present[2]
Field:Labour economics
Alma Mater:London School of Economics (PhD)
University of Essex (BSc,MSc)
Doctoral Advisor:Michio Morishima
Influences:Dale Mortensen
Contributions:Macroeconomic search and matching theories of unemployment,
matching function,
structural growth
Awards:IZA Prize in Labor Economics (2006)
Repec Prefix:e
Repec Id:ppi12

Sir Christopher Antoniou Pissarides (; Greek, Modern (1453-);: Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948[3]) 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.[4] His research focuses on macroeconomics, labour economics, economic growth, and economic policy. In 2010, along with Peter Diamond and Dale Mortensen, he received the Nobel Prize in Economics, "for their analysis of markets with theory of search frictions."[5]

Early life

Pissarides was born in Nicosia, Cyprus,[6] into a Greek Orthodox family from the village of Agros.[7] He first studied at the Pancyprian Gymnasium in Nicosia. After national service in the Cypriot National Guard, he attended the University of Essex, where he received undergraduate and graduate degrees in economics, before studying 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.[8]

Career

Pissarides is Regius Professor of Economics at the London School of Economics, where he has taught since 1976.[9] 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.[10]

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).[6]

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 set up the Institute for the Future of Work, a London-based research and development institute exploring how new technologies transform work and working lives.[11]

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.[12] Since September 2020 he is chairman of the economic council of EuroAfrica Interconnector.[13]

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.[14] The Pissarides Review into the Future of Work and Wellbeing was launched in March 2022.[15]

Academic contributions

Pissarides is credited with contributions to the search and matching theory for studying the interactions between the labour market and the macroeconomy. He helped develop the concept of the matching function (explaining the flows from unemployment to employment at a given moment of time) and pioneered the empirical work on its estimation. Pissarides has also done research on structural change and growth.

One of his papers, "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen), was published in the Review of Economic Studies in 1994.[16]

Pissarides' book Equilibrium Unemployment Theory, a study of the macroeconomics of unemployment, is now in its second edition and was revised after his joint work with Mortensen resulted in the analysis of both endogenous job creation and destruction.

Awards and honours

Selected works

External links

Notes and References

  1. Web site: Christophoros Pissarides won the 2010 Nobel Prize in Economic Sciences. 2018-02-28 . dead . https://web.archive.org/web/20130512164654/http://www.aboutcyprus.org.cy/en/about-cyprus/feature-articles. 12 May 2013 . dmy-all .
  2. Web site: Christopher Pissarides - People - HKUST Institute for Emerging Market Studies. designquest.com.hk. iems.ust.hk. 18 June 2019.
  3. http://www.debretts.com/people/biographies/browse/p/12051/Christopher%20Antoniou%20PISSARIDES.aspx Prof Christopher Pissarides
  4. https://legacy.iza.org/en/webcontent/personnel/vitae/pissarides_cv.pdf Pissarides CV
  5. 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
  6. Web site: Christopher A. Pissarides: Facts . Nobel Prize Organization website . 11 October 2010.
  7. Web site: Christopher Pissarides autobiography, Nobel Prizes Organization website]. nobelprize.org. 18 June 2019.
  8. Web site: Christopher A. Pissarides CV . 28 February 2018 . 3 December 2013. London School of Economics . https://web.archive.org/web/20131203065822/http://personal.lse.ac.uk/pissarid/CV.pdf .
  9. Web site: News . Salome.lse.ac.uk . 14 June 2007 . 11 October 2010 . dead . https://archive.today/20120715145957/http://salome.lse.ac.uk/news/archives/20062007.html . 15 July 2012 . dmy-all .
  10. 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"
  11. Web site: Institute for the Future of Work. Institute for the Future of Work. 8 August 2022.
  12. News: Greece names Nobel economics laureate to seek growth areas. Reuters. 18 February 2020. 15 July 2020.
  13. News: Nobel prize winner appointed chair of Egypt-Cyprus electricity project. Cyprus Mail. 16 February 2024.
  14. Web site: The Institute for the Future of Work announces the Pissarides Review into the Future of Work and Wellbeing - IFOW. www.ifow.org. 19 February 2024.
  15. Web site: The Pissarides Review into the Future of Work and Wellbeing - IFOW. www.ifow.org. 19 February 2024.
  16. Dale T. . Mortensen . Christopher A. . Pissarides . 1994 . Job Creation and Job Destruction in the Theory of Unemployment . . 61 . 3 . 397–415 . 10.2307/2297896 . 2297896 . 27 February 2018 . 1 September 2022 . 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 . dead .
  17. Web site: IZA . Prize . IZA . 12 August 2010 . 11 October 2010.
  18. Web site: The Prize in Economic Sciences 2010 . Nobelprize.org . 11 October 2010.
  19. News: 3 Share Nobel Economics Prize for Market Analysis . . 12 October 2010 . 12 October 2010.
  20. Web site: Εκλογή του καθηγητή κ. Χριστόφορου Πισσαρίδη, κατόχου βραβείου Νόμπελ Οικονομικής Επιστήμης, ως Τακτικού Μέλους της Ακαδημίας Αθηνών. Election of Prof. Christopher Pissarides, holder of the Nobel Prize in Economics, as member of the Academy of Athens. Academy of Athens. 6 November 2015. 2018-02-28. dead. https://web.archive.org/web/20151227000237/http://www.academyofathens.gr/ecportal.asp?id=3687&nt=105&lang=1. 27 December 2015. dmy-all.

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