Christopher A. Pissarides facts for kids
Quick facts for kids
Christopher Pissarides
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Pissarides in 2014
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| Born | 20 February 1948 Nicosia, British Cyprus
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| Nationality | Cypriot |
| Citizenship | Cypriot British |
| Institution | London School of Economics 1976–present University of Southampton 1974–76 University of Cyprus 2011–present Hong Kong University of Science and Technology 2013–present |
| Field | Labour economics |
| Alma mater | London School of Economics (PhD) University of Essex (BSc,MSc) |
| Doctoral advisor |
Michio Morishima |
| Contributions | Macroeconomic search and matching theories of unemployment, matching function, structural growth |
| Awards | IZA Prize in Labor Economics (2006) Nobel Memorial Prize in Economic Sciences (2010) |
| Information at IDEAS / RePEc | |
Sir Christopher Antoniou Pissarides (born 20 February 1948) is an economist from Cyprus. He is a special professor of economics at the London School of Economics. He also teaches European Studies at the University of Cyprus.
His work focuses on big economic topics like how countries' economies work (macroeconomics). He also studies how people find jobs and how businesses hire (labour economics). He looks at how economies grow and how governments can make good economic rules. In 2010, he won the Nobel Prize in Economics. He shared the award with Peter Diamond and Dale Mortensen. They won for their research on how markets work when it's hard to find a match. This means when buyers and sellers, or workers and jobs, don't easily find each other.
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Early Life and Education
Christopher Pissarides was born in Nicosia, Cyprus, in 1948. His family was Greek Orthodox from a village called Agros. He went to school at the Pancyprian Gymnasium in Nicosia.
After serving in the Cypriot military, he went to the University of Essex. There, he earned his first degrees in economics. Later, he studied at the London School of Economics. He earned his PhD (a very high degree) in economics. His special project was about how people behave in markets where information isn't perfect.
Career Highlights
Sir Christopher Pissarides has taught at the London School of Economics since 1976. He is a special professor there. He also leads the Centre for Macroeconomics. This center brings together economists from top universities and institutions. They work together to study big economic issues.
He has also taught at other famous universities. These include Harvard University and the University of California, Berkeley. From 2012 to 2014, he helped his home country, Cyprus. He advised them on how to deal with their economic challenges.
In 2018, he helped start the Institute for the Future of Work. This group studies how new technologies are changing jobs. They look at how these changes affect people's working lives. In 2020, the Greek Prime Minister asked him to lead a group. This group's job was to create a plan for Greece's economic growth.
Since 2020, he has also been the head of the economic council for EuroAfrica Interconnector. This is a project to connect electricity grids between continents. In 2021, he began leading a new study. It's called the Pissarides Review into the Future of Work and Wellbeing. This project looks at how work will change and how it affects people's happiness.
Understanding His Work
One of Pissarides' most important papers was about "Job Creation and Job Destruction." He wrote it with Dale Mortensen in 1994. This paper helps explain how jobs are created and lost in an economy. He also wrote a book called Equilibrium Unemployment Theory. This book is a deep study of why people are unemployed. It explains how the number of available jobs and job seekers affects unemployment.
His Nobel Prize-winning work focused on "search frictions." Imagine you're looking for a specific item in a big store. It takes time and effort to find it, right? In economics, "search frictions" are the difficulties people face when looking for jobs, or when businesses look for workers. It's also about how buyers and sellers find each other. His research helps us understand why there's always some unemployment, even in good times. It also shows how policies can help people find jobs more easily.
Awards and Honours
Sir Christopher Pissarides has received many awards for his important work:
- He became a Fellow of the Econometric Society in 1997.
- He was made a Fellow of the British Academy in 2002.
- In 2005, he won the IZA Prize in Labor Economics with Dale Mortensen.
- He won the Nobel Prize in Economics in 2010.
- In 2013, he was made a Knight by the Queen. This means he can use "Sir" before his name. It was for his great contributions to economics.
- He became a member of the Academy of Athens in 2015.
Images for kids
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Christopher Pissarides (right) at the Nobel Prize press conference in 2010.
See also
In Spanish: Christóforos Pissarídis para niños
