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Dale T Mortensen

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Nationality
  
American

Role
  
Economist

Name
  
Dale Mortensen

Field
  
Labor economics


Dale T. Mortensen Dale T Mortensen Photo Gallery

Born
  
February 2, 1939 (
1939-02-02
)
Enterprise, Oregon

Institution
  
Northwestern University

Alma mater
  
Carnegie Mellon University Willamette University

Died
  
January 9, 2014, Wilmette, Illinois, United States

Books
  
Wage Dispersion: Why are Similar Workers Paid Differently?

Education
  
Carnegie Mellon University, Willamette University, Tepper School of Business

Awards
  
Nobel Memorial Prize in Economic Sciences, IZA Prize in Labor Economics, Alexander Henderson Award

Similar People
  
Christopher A Pissarides, Peter Diamond, Klaus F Zimmermann

Influenced
  
Christopher A. Pissarides

The nobel prize lectures in uppsala 2010 economic laureates dale t mortensen


Dale Thomas Mortensen (February 2, 1939 – January 9, 2014) was an American economist and Nobel laureate.

Contents

Dale T. Mortensen mortensenpostcardjpg

konomiprisen 2010 peter a diamond dale t mortensen christopher a pissarides


Early life and education

Dale T. Mortensen Oregon native Willamette University graduate Dale

Mortensen was born in Enterprise, Oregon. He received his BA in economics from Willamette University and his PhD in Economics from Carnegie Mellon University.

Career

Mortensen had been on the faculty of Northwestern University since 1965 and a professor of Managerial Economics and Decision Sciences at the Kellogg School of Management since 1980. He was the Niels Bohr Visiting Professor at the School of Economics and Management, Aarhus University, from 2006 to 2010.

He was awarded the Nobel Prize in Economics jointly with Christopher A. Pissarides from the London School of Economics and Peter A. Diamond from the Massachusetts Institute of Technology in 2010 "for their analysis of markets with search frictions". In May 2011, Mortensen was awarded an honorary doctorate from his alma mater, Willamette University. He was married to Beverly Mortensen, also a Northwestern Professor.

Mortensen's research focused on labor economics, macroeconomics and economic theory. He is especially known for his pioneering work on the search and matching theory of frictional unemployment. He extended the insights from this work to study labor turnover and reallocation, research and development, and personal relationships.

Mortensen was a past president of the Society of Economic Dynamics and one of the founding editors of the Review of Economic Dynamics.

Death

Mortensen died of cancer on January 9, 2014 at the age of 74, at his home in Wilmette.

Awards, fellowships

  • Alexander Henderson Award, 1965.
  • Fellow, Econometric Society, 1979.
  • Fellow, American Academy of Arts and Sciences, 2000.
  • IZA Prize in Labor Economics, 2005.
  • Nobel Prize in Economics, 2010; joint with Christopher A. Pissarides and Peter A. Diamond
  • The Dale T. Mortensen Building

    In February 2011, Mortensen had a building named in his honor at Aarhus University. The Dale T. Mortensen Building is the central hub for all international and PhD activities and contains the new PhD House, Dale's Café, the university's International Centre and the new IC Dormitory for international PhD students.

    Selected publications

  • D. Mortensen and E. Nagypál (2007), 'More on unemployment and vacancy fluctuations.' Review of Economic Dynamics 10 (3), pp. 327–47.
  • D. Mortensen (2005), Wage Dispersion: Why Are Similar Workers Paid Differently?, MIT Press. ISBN 0-262-63319-1
  • K. Burdett and D. Mortensen (1998), 'Wage differentials, employer size, and unemployment.' International Economic Review 39, pp. 257–73.
  • D. Mortensen and C. Pissarides (1994), 'Job creation and job destruction in the theory of unemployment.' Review of Economic Studies 61, pp. 397–415.
  • D. Mortensen (1986), 'Job search and labor market analysis.' Ch. 15 of Handbook of Labor Economics, vol. 2, O. Ashenfelter and R. Layard, eds., North-Holland.
  • D. Mortensen (1982), 'Property rights and efficiency of mating, racing, and related games.' American Economic Review 72 (5), pp. 968–79.
  • D. Mortensen (1982), 'The matching process as a non-cooperative/bargaining game.' In The Economics of Information and Uncertainty, J. McCall, ed., NBER, ISBN 0-226-55559-3.
  • D. Mortensen (1972), 'A theory of wage and employment dynamics.' In Microeconomic Foundations of Employment and Inflation Theory, E. Phelps et al., eds., Norton, ISBN 978-0-393-09326-1
  • References

    Dale T. Mortensen Wikipedia