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He warned against slashing unemployment benefits to goad people into work, saying if payments were too small people would slide into a poverty trap and become disengaged from the workforce, making it harder for them to re-enter the job market.In 1994 Pissarides teamed up with Dale Mortensen to distill their individual work over the previous two decades into the influential paper Job Creation and Job Destruction in the Theory of Unemployment.
“Carry on and who knows? He has remained there ever since, rising to the rank of Norman Sosnow Professor in Economics.Pissarides is a Fellow of the Econometric Society, the British Academy and the European Economic Association, of which he was named president in 2011.
He spent the next two years as a lecturer at the University of Southampton before returning to LSE in 1976.
"When you advise a politician, you should never expect them to do as you say," he says. "If you look back to what kind of policies brought this market failure and the rise in unemployment, they are not too different from what we had in the Great Depression," he explains, standing on the shoulders of John Maynard Keynes regarding government investment policy.
His research focuses on topics of macroeconomics, notably labour, economic growth, and economic policy. Become inspired by our Laureates and join the Nobel Perspectives community
They can explain some things, they can get some things wrong.
Unemployment statistics can make alarming reading in the news but for most people they are just that: statistics – a largely meaningless number unless it concerns you personally.
“You get an equation, you solve it and here it is.
Even if you increase numbers, it’s not big enough to lift the whole economy up." The Nobel Prize-winning economist and Knight of the British Crown Share Sir Christopher Pissarides is Regius Professor at the London School of Economics (LSE), where he also heads the Macroeconomic Research Program at the Center for Economic Performance.
“In fact, this interaction is not only the pure economic interaction that you go in there to produce, get an income and leave, but more about how well-connected people are in the labor market, how well-matched they are.”"I was trying to break away as much as possible from the very cold way that economists would look at work, but at the same time do it by keeping existing principles of economic modeling.
Prof. Pissarides, born at Nicosia, Cyprus, 1948, British and Cypriot, Professor of Economics and Political Science, London School of Economics.
He warned against slashing unemployment benefits to goad people into work, saying if payments were too small people would slide into a poverty trap and become disengaged from the workforce, making it harder for them to re-enter the job market.In 1994 Pissarides teamed up with Dale Mortensen to distill their individual work over the previous two decades into the influential paper Job Creation and Job Destruction in the Theory of Unemployment.
“Carry on and who knows? He has remained there ever since, rising to the rank of Norman Sosnow Professor in Economics.Pissarides is a Fellow of the Econometric Society, the British Academy and the European Economic Association, of which he was named president in 2011.
He spent the next two years as a lecturer at the University of Southampton before returning to LSE in 1976.
"When you advise a politician, you should never expect them to do as you say," he says. "If you look back to what kind of policies brought this market failure and the rise in unemployment, they are not too different from what we had in the Great Depression," he explains, standing on the shoulders of John Maynard Keynes regarding government investment policy.
His research focuses on topics of macroeconomics, notably labour, economic growth, and economic policy. Become inspired by our Laureates and join the Nobel Perspectives community
They can explain some things, they can get some things wrong.
Unemployment statistics can make alarming reading in the news but for most people they are just that: statistics – a largely meaningless number unless it concerns you personally.
“You get an equation, you solve it and here it is.
Even if you increase numbers, it’s not big enough to lift the whole economy up." The Nobel Prize-winning economist and Knight of the British Crown Share Sir Christopher Pissarides is Regius Professor at the London School of Economics (LSE), where he also heads the Macroeconomic Research Program at the Center for Economic Performance.
“In fact, this interaction is not only the pure economic interaction that you go in there to produce, get an income and leave, but more about how well-connected people are in the labor market, how well-matched they are.”"I was trying to break away as much as possible from the very cold way that economists would look at work, but at the same time do it by keeping existing principles of economic modeling.
Prof. Pissarides, born at Nicosia, Cyprus, 1948, British and Cypriot, Professor of Economics and Political Science, London School of Economics.