Christopher A Pissarides
Dados Biográficos
| ID | 977023 |
|---|---|
| NOME | Christopher A Pissarides |
| PRENOMES | Christopher A |
| SOBRENOME | Pissarides |
| ASSINATURA | PISSARIDES C A |
| AFILIAÇÕES | London School of Economics and Political Science |
| ORCID | 0000-0002-0695-058X |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 44 |
| TOTAL DE CITAÇÕES | 192 |
| TOTAL COMO AUTOR | 43 |
| TOTAL COMO EDITOR | 1 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 1974 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2020 |
| ÍNDICE H | 7 |
Why inequality could spread Covid-19
Pandemics rarely affect all people in a uniform way. The Black Death in the 14th century reduced the global population by a third, with the highest number of deaths observed among the poorest populations.1 Densely populated with malnourished and overworked peasants, medieval Europe was a fertile breeding ground for the bubonic plague. Seven centuries on—with a global gross domestic product of almost US$100 trillion—is our world adequately resourc…
Intergenerational Earnings Mobility in Post‐Soviet Russia
We make use of longitudinal data for the Russian economy over 1994–2016 to obtain earnings information about parents and children. We show that rank correlations give reliable estimates, and find intergenerational correlations for sons and daughters that are comparable to those found in the USA and the UK. Sons earn more than daughters conditional on education and parents’ rank. Observable household characteristics and unobservables contribute ab…
Beyond Austerity
More than eight years after the global financial crisis began, the economy of Greece shows little sign of recovery, and its position in the eurozone seems tenuous. Between 2008 and 2014, incomes in Greece shrank by more than 25 percent, homes lost more than a third of their value, and the unemployment rate reached 27 percent. Most articles on Greece in the media focus on the effects of austerity, repayment of its debt, and its future in the euroz…
Beyond Austerity - Reforming the Greek Economy
More than eight years after the global financial crisis began, the economy of Greece shows little sign of recovery, and its position in the eurozone seems tenuous. Between 2008 and 2014, incomes in Greece shrank by more than 25 percent, homes lost more than a third of their value, and the unemployment rate reached 27 percent. Most articles on Greece in the media focus on the effects of austerity, repayment of its debt, and its future in the euroz…
Search, Economics of
Unemployment in the Great Recession
This paper studies the responses of unemployment in Germany, the USA and the UK to the Great Recession of 2008–9 using Beveridge curve analysis, and in the entire OECD using other techniques. It is shown that the UK suffered from recession but no structural problems; the USA suffered from structural unemployment during the recovery; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is b…
Why Do Firms Offer ‘Employment Protection’
This paper derives optimal employment contracts when workers are risk‐averse and there are employment and unemployment risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment contracts offer severance compensation and sometimes give notice before dismissal. Severance compensation smooths consumption during employment, and dismissal delays insure partially against the unemployment risk…
Employment Outcomes in the Welfare State
Nous examinons les conséquences sur l’emploi des politiques fiscales et des subventions dans les « trois mondes de l’État providence », anglo-saxon, européen continental et scandinave. Nous montrons que la production domestique est la clef de l’évaluation de leurs résultats respectifs en matière d’emploi. Les politiques anglo-saxonnes, peu protectrices, encouragent l’activité professionnelle, tandis qu’en Europe continentale les transferts encour…
Structural Change in a Multisector Model of Growth
We study a multisector model of growth with differences in TFP growth rates across sectors and derive sufficient conditions for the coexistence of structural change, characterized by sectoral labor reallocation and balanced aggregate growth. The conditions are weak restrictions on the utility and production functions. Along the balanced growth path, labor employed in the production of consumption goods gradually moves to the sector with the lowes…
Scale Effects in Markets with Search
Estimates of aggregate matching functions may miss important scale effects in frictional labour markets because of the reactions of job seekers to scale. We estimate a semi-structural model of search and matching on a British sample of unemployed people, testing for scale effects on the probability of receiving an offer and on the distribution of wage offers. We find them only in wage offers but we also find that reservation wages rise to deliver…
Dale Mortensen and Christopher Pissarides receive IZA Prize in Labor Economics
The Roaring Nineties
Looking into the Black Box
This paper surveys the microfoundations, empirical evidence, and estimation issues underlying the aggregate matching function. There is no consensus yet on microfoundations but one is emerging on estimation. An aggregate, constant returns, Cobb-Douglas matching function with hires as a function of vacancies and unemployment has been successfully estimated for several countries. Recent work has utilized disaggregated data to go beyond aggregate es…
EU Welfare Systems and Labor Markets
Policy Influences on Unemployment
This paper considers the implications of four kinds of labour market policies for the 1980s rise in European unemployment: unemployment compensation, active labour market policies, employment protection legislation and taxation. It finds evidence that all have played a role in the determination of unemployment and discusses the mechanisms involved, the extent of the influence of each and the lessons learned from this experience. One of the main f…
Unemployment Responses to ‘Skill‐biased’ Technology Shocks
Do skill‐biased shocks that increase the spread of labour productivities, interacting with different policy regimes, explain the rise in unemployment in Europe relative to the United States in the 1980s and 1990s? The hypothesis is an implication of a version of the Mortensen and Pissarides (1994) model of equilibrium unemployment which allows for worker heterogeneity. A calibrated version of the model implies that a similar unemployment increase…
Job Creation and Job Destruction in the Theory of Unemployment
In this paper we model a job-specific shock process in the matching model of unemployment with non-cooperative wage behaviour. We obtain endogenous job creation and job destruction processes and study their properties. We show that an aggregate shock induces negative correlation between job creation and job destruction whereas a dispersion shock induces positive correlation. The job destruction process is shown to have more volatile dynamics than…
Labour Flexibility and Wages
Spanish labour markets Samuel Bentolila and Juan J. Dolado Temporary jobs have been on the rise in Europe, partly in response to firms' desire for higher flexibility in employment, and partly because flexibility is widely believed to help bring down unemployment. However, the flexibility gained through temporary contracts hardly affects the core of permanent employees. Instead, temporary jobs result in the emergence of a dual labour market. Worse…
Underemployment Equilibria
Journal Article Underemployment Equilibria: Essays in Theory, Econometrics and Policy Get access Underemployment Equilibria: Essays in Theory, Econometrics and Policy. By (JACQJJES H.) Dreze (Cambridge and New York: Cambridge University Press, 1991. Pp. xxv+568. £40.00 hardback, US $64.50 hardback. ISBN 0 521 393183.) Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Ac…
Loss of Skill During Unemployment and the Persistence of Employment Shocks
This paper shows that when unemployed workers lose some of their skills, the effects of a temporary shock to employment can persist for a long time. The key mechanism is a thin market externality that reduces the supply of jobs when the duration of unemployment increases. The paper develops an overlapping-generations model of search equilibrium and shows that different patterns of persistence and multiple equilibria are possible even with constan…
Equilibrium Unemployment Theory
Part 1 Unemployment in the model of balanced growth: the labour market long-run equilibrium and balanced growth adjustment dynamics. Part 2 further ananlysis of the labour market: search intensity and job advertising
Real Wages and Unemployment in Australia
This paper estimates a three-equation model of the Australian labour market, for employment, real wages and the participation rate. It uses the model to study the role of incomes policies in containing real wage growth and the reasons behind the changes in unemployment since 1970. It finds that incomes policies have not been important in controlling real wages; the rise in unemployment in the 1970s was due to the rise in tax rates and unemploymen…
The Labor Market as a Social Institution
Journal Article The Labor Market as a Social Institution Get access The Labor Market as a Social Institution. By ROBERT M. SOLOW (Oxford: Basil Blackwell, 1990. Pp. xviii+116. à à à à £15.00 hardback. ISBN 1 55786 086 6.)Equilibrium Unemployment Theory. By CHRISTOPHER A. PISSARIDES. (Oxford: Basil Blackwell, 1990. Pp. xiii+173. à à à à £29.50 hardback. ISBN 0 631 15213 x.)Inflation and Unemployment: Macroeconomics with a Range of Equilibria. By I…
Unemployment and Macroeconomics
This paper discusses some issues in the theory of unemployment. It proposes a framework for the analysis of unemployment and finally applies the framework to the analysis of the rise in unemployment in Britain after 1979. The framework is based on bilateral monopoly in the labour market, and the explanation for the rise in unemployment in Britain rests primarily with a demand-side shock, which caused the rise in 1980-81, and supply-side persisten…
EU welfare systems and labour markets
Unemployment and the Inter-Regional Mobility of Labour
In this paper we examine the relation between unemployment and the interregional migration of labour. First, the status of a worker affects mobility: an unemployed worker is more likely to move than an employed one. Second, regional unemployment differentials encourage mobility: the probability that a given worker migrates is higher if the worker lives in a high-unemployment region. Third, at higher overall unemployment rates the probability of m…
British Government Popularity and Economic Performance
Journal Article British Government Popularity and Economic Performance Get access Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 90, Issue 359, 1 September 1980, Pages 569–581, https://doi.org/10.2307/2231927 Published: 01 September 1980
Unemployment Responses to ‘Skill‐biased’ Technology Shocks
Do skill‐biased shocks that increase the spread of labour productivities, interacting with different policy regimes, explain the rise in unemployment in Europe relative to the United States in the 1980s and 1990s? The hypothesis is an implication of a version of the Mortensen and Pissarides (1994) model of equilibrium unemployment which allows for worker heterogeneity. A calibrated version of the model implies that a similar unemployment increase…
Job Matchings with State Employment Agencies and Random Search
Journal Article Job Matchings with State Employment Agencies and Random Search Get access C. A. Pissarides C. A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 89, Issue 356, 1 December 1979, Pages 818–833, https://doi.org/10.2307/2231501 Published: 01 December 1979
Scale Effects in Markets with Search
Estimates of aggregate matching functions may miss important scale effects in frictional labour markets because of the reactions of job seekers to scale. We estimate a semi-structural model of search and matching on a British sample of unemployed people, testing for scale effects on the probability of receiving an offer and on the distribution of wage offers. We find them only in wage offers but we also find that reservation wages rise to deliver…
Efficient Job Rejection
Journal Article Efficient Job Rejection Get access C. A. Pissarides C. A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue Supplement, 1 December 1984, Pages 97–108, https://doi.org/10.2307/2232658 Published: 01 December 1984
Risk, Job Search, and Income Distribution
The Labor Market as a Social Institution
Journal Article The Labor Market as a Social Institution Get access The Labor Market as a Social Institution. By ROBERT M. SOLOW (Oxford: Basil Blackwell, 1990. Pp. xviii+116. à à à à £15.00 hardback. ISBN 1 55786 086 6.)Equilibrium Unemployment Theory. By CHRISTOPHER A. PISSARIDES. (Oxford: Basil Blackwell, 1990. Pp. xiii+173. à à à à £29.50 hardback. ISBN 0 631 15213 x.)Inflation and Unemployment: Macroeconomics with a Range of Equilibria. By I…
Staying-on at School in England and Wales
This paper estimates the demand for post-compulsory education by 16-year-old boys and girls who have reached minimum school-leaving age at the start of the school year. The data set consists of annual observations for 1955-1978, and the dependent variable is the proportion of male or female home students who stay on as full-time students in English and Welsh schools and colleges of further education. There are at least two reasons for the interes…
From School to University
Journal Article From School to University: The Demand for Post-Compulsory Education in Britain Get access Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 367, 1 September 1982, Pages 654–667, https://doi.org/10.2307/2232555 Published: 01 September 1982
The Wealth-Age Relation with Life Insurance
insurance. The answer to this was provided by Yaari (1965) (and confirmed in simulations by Fischer, 1973), who showed that, if individuals are uncertain about the date of their death and do not want to run the risk of dying without leaving enough provision for dependants, there will be a non-trivial demand for life insurance. Thus it may be assumed under quite general conditions that in a life-cycle model with uncertain age of death there will b…
Unemployment in the Great Recession
This paper studies the responses of unemployment in Germany, the USA and the UK to the Great Recession of 2008–9 using Beveridge curve analysis, and in the entire OECD using other techniques. It is shown that the UK suffered from recession but no structural problems; the USA suffered from structural unemployment during the recovery; Germany exhibited a much better performance both during and after the recession. The rise in OECD unemployment is b…
Real Wages and Unemployment in Australia
This paper estimates a three-equation model of the Australian labour market, for employment, real wages and the participation rate. It uses the model to study the role of incomes policies in containing real wage growth and the reasons behind the changes in unemployment since 1970. It finds that incomes policies have not been important in controlling real wages; the rise in unemployment in the 1970s was due to the rise in tax rates and unemploymen…
Job Search and Participation
The main purpose of this paper is to consider the question of labour force participation within a generalized model of job search. The only important restrictions placed on the search model are that search takes place sequentially and that the individual be able to search only a finite number of times in his lifetime. Other less important restrictions are placed to simplify the exposition. The most important of these is, perhaps, that the individ…
Intergenerational Earnings Mobility in Post‐Soviet Russia
We make use of longitudinal data for the Russian economy over 1994–2016 to obtain earnings information about parents and children. We show that rank correlations give reliable estimates, and find intergenerational correlations for sons and daughters that are comparable to those found in the USA and the UK. Sons earn more than daughters conditional on education and parents’ rank. Observable household characteristics and unobservables contribute ab…
Policy Influences on Unemployment
This paper considers the implications of four kinds of labour market policies for the 1980s rise in European unemployment: unemployment compensation, active labour market policies, employment protection legislation and taxation. It finds evidence that all have played a role in the determination of unemployment and discusses the mechanisms involved, the extent of the influence of each and the lessons learned from this experience. One of the main f…
A Test of Price Sluggishness in the Simple Rational Expectations Model
Journal Article A Test of Price Sluggishness in the Simple Rational Expectations Model: U.K. 1950-1980 Get access G. Alogoskoufis, G. Alogoskoufis London School of Economics Search for other works by this author on: Oxford Academic Google Scholar C. A. Pissarides C. A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 371, 1 September 1983, Pages 6…
Labour Market Adjustment
Labour Market Adjustment Get access Labour Market Adjustment. By Christopher A. Pissarides. (Cambridge: Cambridge University Press, 1976. Pp. xi + 257. £8.50.) Michael J. Artis Michael J. Artis University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 87, Issue 347, 1 September 1977, Pages 592–594, https://doi.org/10.2307/2231573 Published: 01 September 1977
Risk, Job Search, and Income Distribution
Job Search and Participation
The main purpose of this paper is to consider the question of labour force participation within a generalized model of job search. The only important restrictions placed on the search model are that search takes place sequentially and that the individual be able to search only a finite number of times in his lifetime. Other less important restrictions are placed to simplify the exposition. The most important of these is, perhaps, that the individ…
The Demand for Money by Firms. Business Economics and Finance Series, Volume 7
Labour Market Adjustment
Labour Market Adjustment Get access Labour Market Adjustment. By Christopher A. Pissarides. (Cambridge: Cambridge University Press, 1976. Pp. xi + 257. £8.50.) Michael J. Artis Michael J. Artis University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 87, Issue 347, 1 September 1977, Pages 592–594, https://doi.org/10.2307/2231573 Published: 01 September 1977
The Microeconomic Foundations of Macroeconomics
Job Matchings with State Employment Agencies and Random Search
Journal Article Job Matchings with State Employment Agencies and Random Search Get access C. A. Pissarides C. A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 89, Issue 356, 1 December 1979, Pages 818–833, https://doi.org/10.2307/2231501 Published: 01 December 1979
Labour Market Adjustment
The main purpose of this book is to develop a general theoretical framework within which it is possible to analyse the interaction of markets in disequilibrium. It considers optimal firm and household behaviour in a dynamic sequence of the labour and commodity markets when there is imperfect information about wage offers and the supply price of labour. The study is mainly theoretical but several empirical phenomena are shown to have an important …
The Wealth-Age Relation with Life Insurance
insurance. The answer to this was provided by Yaari (1965) (and confirmed in simulations by Fischer, 1973), who showed that, if individuals are uncertain about the date of their death and do not want to run the risk of dying without leaving enough provision for dependants, there will be a non-trivial demand for life insurance. Thus it may be assumed under quite general conditions that in a life-cycle model with uncertain age of death there will b…
Monetary Theory
Foundations of Finance
British Government Popularity and Economic Performance
Journal Article British Government Popularity and Economic Performance Get access Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 90, Issue 359, 1 September 1980, Pages 569–581, https://doi.org/10.2307/2231927 Published: 01 September 1980
Staying-on at School in England and Wales
This paper estimates the demand for post-compulsory education by 16-year-old boys and girls who have reached minimum school-leaving age at the start of the school year. The data set consists of annual observations for 1955-1978, and the dependent variable is the proportion of male or female home students who stay on as full-time students in English and Welsh schools and colleges of further education. There are at least two reasons for the interes…
From School to University
Journal Article From School to University: The Demand for Post-Compulsory Education in Britain Get access Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 92, Issue 367, 1 September 1982, Pages 654–667, https://doi.org/10.2307/2232555 Published: 01 September 1982
A Test of Price Sluggishness in the Simple Rational Expectations Model
Journal Article A Test of Price Sluggishness in the Simple Rational Expectations Model: U.K. 1950-1980 Get access G. Alogoskoufis, G. Alogoskoufis London School of Economics Search for other works by this author on: Oxford Academic Google Scholar C. A. Pissarides C. A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 93, Issue 371, 1 September 1983, Pages 6…
Efficient Job Rejection
Journal Article Efficient Job Rejection Get access C. A. Pissarides C. A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 94, Issue Supplement, 1 December 1984, Pages 97–108, https://doi.org/10.2307/2232658 Published: 01 December 1984
Labour Economics
The New Keynesian Economics
Journal Article The New Keynesian Economics: Unemployment, Search and Contracting Get access The New Keynesian Economics: Unemployment, Search and Contracting. By JEFF FRANK. (Brighton: Wheatsheaf, 1986. Pp. xvii + 283. à £22.50 hardback, à £8-95 paperback.) Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Economic Journal, Volume 97, Issue …
Dynamic Macroeconomic Theory
Unemployment and Macroeconomics
This paper discusses some issues in the theory of unemployment. It proposes a framework for the analysis of unemployment and finally applies the framework to the analysis of the rise in unemployment in Britain after 1979. The framework is based on bilateral monopoly in the labour market, and the explanation for the rise in unemployment in Britain rests primarily with a demand-side shock, which caused the rise in 1980-81, and supply-side persisten…
Unemployment and the Inter-Regional Mobility of Labour
In this paper we examine the relation between unemployment and the interregional migration of labour. First, the status of a worker affects mobility: an unemployed worker is more likely to move than an employed one. Second, regional unemployment differentials encourage mobility: the probability that a given worker migrates is higher if the worker lives in a high-unemployment region. Third, at higher overall unemployment rates the probability of m…
Real Wages and Unemployment in Australia
This paper estimates a three-equation model of the Australian labour market, for employment, real wages and the participation rate. It uses the model to study the role of incomes policies in containing real wage growth and the reasons behind the changes in unemployment since 1970. It finds that incomes policies have not been important in controlling real wages; the rise in unemployment in the 1970s was due to the rise in tax rates and unemploymen…
The Labor Market as a Social Institution
Journal Article The Labor Market as a Social Institution Get access The Labor Market as a Social Institution. By ROBERT M. SOLOW (Oxford: Basil Blackwell, 1990. Pp. xviii+116. à à à à £15.00 hardback. ISBN 1 55786 086 6.)Equilibrium Unemployment Theory. By CHRISTOPHER A. PISSARIDES. (Oxford: Basil Blackwell, 1990. Pp. xiii+173. à à à à £29.50 hardback. ISBN 0 631 15213 x.)Inflation and Unemployment: Macroeconomics with a Range of Equilibria. By I…
Loss of Skill During Unemployment and the Persistence of Employment Shocks
This paper shows that when unemployed workers lose some of their skills, the effects of a temporary shock to employment can persist for a long time. The key mechanism is a thin market externality that reduces the supply of jobs when the duration of unemployment increases. The paper develops an overlapping-generations model of search equilibrium and shows that different patterns of persistence and multiple equilibria are possible even with constan…
Equilibrium Unemployment Theory
Part 1 Unemployment in the model of balanced growth: the labour market long-run equilibrium and balanced growth adjustment dynamics. Part 2 further ananlysis of the labour market: search intensity and job advertising
Underemployment Equilibria
Journal Article Underemployment Equilibria: Essays in Theory, Econometrics and Policy Get access Underemployment Equilibria: Essays in Theory, Econometrics and Policy. By (JACQJJES H.) Dreze (Cambridge and New York: Cambridge University Press, 1991. Pp. xxv+568. £40.00 hardback, US $64.50 hardback. ISBN 0 521 393183.) Christopher A. Pissarides Christopher A. Pissarides London School of Economics Search for other works by this author on: Oxford Ac…
Economics (39 obras) · Labour economics (19 obras) · Labor market dynamics and wage inequality (17 obras) · Unemployment (17 obras) · Macroeconomics (14 obras) · Economic theories and models (12 obras) · Keynesian economics (10 obras) · Political science (9 obras) · Sociology (9 obras) · Economic history (8 obras)