Dale T. Mortensen

Dale Thomas Mortensen ( born February 2, 1939 in Enterprise, Oregon, † January 9, 2014 in Wilmette, Illinois) was an American economist. In 2010 he received the Prize for Economics the Bank of Sweden in memory of Alfred Nobel ( Nobel Prize in Economics ).

Life and work

After completing his Bachelor of Arts degree in 1961 in economics at Willamette University, where he was in 1967 at Carnegie Mellon University for Ph.D. doctorate. Since 1965 he worked at Northwestern University: 1965 to 1971 he was assistant professor and associate professor from 1971 to 1975. Since 1975 he has been there a full professor of economics. 1979-1982 was the Dean of the Faculty of Economics. Since 1980 he was also professor of business economics and decision theory. Since 2001, he also conducted research at the Institute for the Study of Labor in Bonn and since 2005 at the National Bureau of Economic Research ( NBER ) in Cambridge, Massachusetts. Guest professorships led him to Cornell University ( 1984), New York University ( 1985), The Hebrew University of Jerusalem (1985 ), University of Essex (1993 ), to the California Institute of Technology ( 1994) and Aarhus University (2006-2010).

Mortensen was particularly interested in dynamic processes in the economy, which can not be fully explained by existing theories. He developed in the labor economics formal job seekers models and examined their applications to unemployment and the dynamics of wages and salaries. His realization that the random arrival of trading partners creates friction, became a leading technical analysis of labor markets and the effects of labor market policy.

He was married to Beverly Mortensen Patton.

Awards

  • 2005 IZA Prize in Labor Economics (Institute for the Study of Labor )
  • 2007 Mincer Prize (Society of Labor Economics )
  • 2010 Prize for Economics in the Bank of Sweden in memory of Alfred Nobel

Memberships

Works

  • A theory of wage and employment dynamics. In: Edmund S. Phelps [ua ] (Hrsg.): Microeconomic Foundations of Employment and Inflation Theory. WW Norton, New York, 1970, ISBN 0-393-09326-3, pp. 167-211.
  • Job Search, the Duration of Unemployment, and the Phillips Curve. In: The American Economic Review. Volume 60, No. 5, December 1970, pp. 847-862.
  • Generalized Costs of Adjustment and Dynamic Factor Demand Theory. In: Econometrica. Volume 41, No. 4, July 1973, pp. 657-665.
  • Job matching under imperfect information. In: Orley Ashenfelter and James Blum ( ed.): Evaluating The Labor Market Effects of Social Programs. Princeton University Press, Princeton, 1976, p 194-232.
  • With Kenneth Burdett: Labour supply under uncertainty. In: Ronald G. Ehrenberg (ed.) Research in Labour Economics. Volume 2, JAI Press, Connecticut 1978, p 109-157.
  • Specific Capital and Labor Turnover. In: Bell Journal of Economics. Volume 9, No. 2, 1978, p 572-586.
  • With Kenneth Burdett: Search, Layoffs, and Labor Market Equilibrium. In: Journal of Political Economy. Volume 88, No. 4, August 1980, pp. 652-672.
  • With Kenneth Burdett: Testing for ability in a competitive labor market. In: Journal of Economic Theory. Volume 25, No. 1, August 1981, pp. 42-66.
  • The matching process as a non- cooperative bargaining game. In: John J. McCall (ed.): The Economics of Information and Uncertainty. University of Chicago Press, Chicago [ua ] 1982, ISBN 0-226-55559-3, pp. 233-258.
  • Property Rights and Efficiency in Mating, Racing, and Related Games. In: American Economic Review. Volume 72, No. 5, December 1982, pp. 968-979.
Enterprise (Oregon) Dean (education) Cambridge (Massachusetts) Econometric Society American Academy of Arts and Sciences American Economic Association Digital Object Identifier Integrated Authority File
213598
de