Christopher A. Pissarides

Sir Christopher Pissarides
Born (1948-02-20) 20 February 1948[1]
Nicosia, Cyprus
Nationality Cypriot, British
Institution London School of Economics 1976–
University of Southampton 1974–76
University of Cyprus 2011–[2]
Hong Kong University of Science and Technology 2013–[3]
Field Labour economics
Alma mater London School of Economics
University of Essex
Michio Morishima
Influences Dale Mortensen
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
Information at IDEAS / RePEc

Sir Christopher Antoniou Pissarides FBA (Greek: Χριστόφορος Αντωνίου Πισσαρίδης; born 20 February 1948[1]) is a British-Cypriot economist. He is the School Professor of Economics & Political Science and Regius Professor of Economics at the London School of Economics. His research focuses on topics of macroeconomics, notably labour, economic growth, and economic policy. In 2010, he was awarded the Nobel Prize in Economics, jointly with Peter A. Diamond and Dale Mortensen, "for their analysis of markets with theory of search frictions."[4]

Early life

Pissarides was born in Nicosia, Cyprus,[5] into a Greek Orthodox family from the village of Agros.[6]

Pissarides was educated at the Pancyprian Gymnasium in Nicosia.[6] He received his BA in Economics in 1970 and his MA in Economics in 1971 at the University of Essex. He subsequently enrolled in the London School of Economics, where he received his PhD in Economics in 1973 under the supervision of the mathematical economist Michio Morishima for a thesis titled "Individual behaviour in markets with imperfect information."[7]


Pissarides is Regius Professor of Economics at the London School of Economics, where he has been since 1976.[8] 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.[9]

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).[5]

Academic contributions

Pissarides is mostly known for his contributions to the search and matching theory for studying the interactions between the labour market and the macro economy. 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.

Pissarides' most influential paper is arguably "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen), published in the Review of Economic Studies in 1994.[10] This paper built on the previous individual contributions that both authors had made in the previous two decades.

The Mortensen–Pissarides model that resulted from this paper has been exceptionally influential in modern macroeconomics. In one or another of its extensions or variations, today it is part of the core of most graduate economics curricula throughout the world.

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

Awards and honours

Selected works


  1. 1 2 Prof Christopher Pissarides Archived 14 October 2010 at the Wayback Machine. at
  2. "Christophoros Pissarides won the 2010 Nobel Prize in Economic Sciences". Archived from the original on 12 May 2013. Retrieved 28 February 2018.
  3. Christopher Pissarides bio, HKUST
  4. 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
  5. 1 2 "Christopher A. Pissarides: Facts". Nobel Prize Organization website. Retrieved 11 October 2010.
  6. 1 2 Christopher Pissarides autobiography, Nobel Prizes Organization website]
  7. 1 2 3 "Christopher A. Pissarides CV" (PDF). London School of Economics. Archived from the original (PDF) on 3 December 2013. Retrieved 28 February 2018.
  8. "News". 14 June 2007. Archived from the original on 15 July 2012. Retrieved 11 October 2010.
  9. "New Centre for Macroeconomics launched at LSE", LSE website, 16 January 2013
  10. Mortensen, Dale T.; Pissarides, Christopher A. (1994). "Job Creation and Job Destruction in the Theory of Unemployment" (PDF). Review of Economic Studies. 61 (3): 397–415. doi:10.2307/2297896.
  11. IZA (12 August 2010). "Prize". IZA. Retrieved 11 October 2010.
  12. 1 2 "The Prize in Economic Sciences 2010". Retrieved 11 October 2010.
  13. "3 Share Nobel Economics Prize for Market Analysis". The New York Times. 12 October 2010. Retrieved 12 October 2010.
  14. "No. 60534". The London Gazette (Supplement). 15 June 2013. p. 2.
  15. "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. Archived from the original on 27 December 2015. Retrieved 28 February 2018.
Preceded by
Elinor Ostrom
Oliver E. Williamson
Laureate of the Nobel Memorial Prize in Economics
Served alongside: Peter A. Diamond, Dale T. Mortensen
Succeeded by
Thomas J. Sargent
Christopher A. Sims
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