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Christopher Pissarides

AKA Christopher Antoniou Pissarides

Born: c. 1948
Birthplace: Nicosia, Cyprus

Gender: Male
Race or Ethnicity: White
Occupation: Economist

Nationality: England
Executive summary: Job creation and destruction

British and Cypriot economist Christopher Pissarides has studied the macroeconomics of labor markets, structural change, and economic growth. His principle research has been in the economics of unemployment, focusing on job flows, the microeconomic impact of being out of work, and other aspects of the job market. He wrote the influential 1994 paper "Job Creation and Job Destruction in the Theory of Unemployment", co-authored by Dale Mortensen, and won the Nobel Prize for Economics in 2010, sharing the accolade and 10 million Swedish kronor (US $1.5M) honorarium with Mortensen and Peter Diamond.

Pissarides has created economic modeling to show what happens to a person who loses his or her job, and analyzed how assorted economic factors and government policy decisions impact the duration of unemployment among idled workers. "Until we began the work," he said upon winning the Nobel honor, "there was no way of thinking about these issues." His findings generally call for low, limited-time unemployment benefits, on the concern that longer or more lucrative payments encourage higher unemployment and longer out-of-work times. He has explained that "one of the key things" uncovered in his research is "that it is important to make sure that people do not stay unemployed too long". He has taught at the London School of Economics since the mid-1970s.

Wife: (m., two children)
Son: Antony (b. circa 1987)
Daughter: Miranda (b. circa 1989)

    University: BA Ecnomics, University of Essex (1970)
    University: MA Ecnomics, University of Essex (1971)
    Scholar: Graduate studies, University of London (1971-73)
    University: PhD Economics, London School of Economics (1973)
    Lecturer: Economics, University of Southampton (1974-76)
    Lecturer: Economics, London School of Economics (1976-82)
    Teacher: Economics, London School of Economics (1982-86)
    Professor: Economics, London School of Economics (1986-2006)
    Professor: Norman Sosnow Professor of Economics, London School of Economics (2006-)

    IZA (ISL) Prize in Labor Economics 2005 (with Dale Mortensen)
    Republic of Cyprus Aristeion for the Arts, Literature and Science 2008
    Nobel Prize for Economics 2010 (with Peter Diamond and Mortensen)
    AEJ Macroeconomics Editorial Board, 2007-
    Economic Journal Editorial Board, 2000-05
    Economica Editorial Board, 2007-
    Review of Economic Studies Editorial Board, 1983-2002
    Bank of England Houblon-Normal Fellow, 1994
    British Academy 2002
    Central Bank of Cyprus Monetary Policy Committee, 2000-07
    Econometric Society 1997
    Organisation for Economic Cooperation and Development
    European Economic Association 2005
    European Economic Association Vice President, 2009
    European Economic Association President, 2011
    Institute for the Study of Labor
    Royal Economic Society 1996
    Society for Economic Analysis 1983
    Society of Labor Economists 2008
    UK Centre for Economic Policy Research
    World Bank Economic Development Institute
    Cypriot Ancestry
    Naturalized UK Citizen

Official Website:

Author of books:
Labour Market Adjustment (1976)
Equilibrium Unemployment Theory (1990)

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