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Dale T. Mortensen

Dale Thomas Mortensen (February 2, 1939 – January 9, 2014) was an American economist, a professor at Northwestern University, and a winner of the Nobel Memorial Prize in Economic Sciences.

Dale T. Mortensen
Mortensen in 2010
Born(1939-02-02)February 2, 1939
DiedJanuary 9, 2014(2014-01-09) (aged 74)
NationalityAmerican
Academic career
InstitutionNorthwestern University
FieldLabor economics
Alma materCarnegie Mellon University
Willamette University
Doctoral
advisor
Michael C. Lovell
Doctoral
students
Ronald G. Ehrenberg
AwardsIZA Prize in Labor Economics (2005)
Nobel Memorial Prize in Economic Sciences
2010
Information at IDEAS / RePEc
Academic background
ThesisThe macro-dynamic implications of the 'permanent income' and 'life cycle' savings hypothesis (1967)

Early life and education edit

Mortensen was born in Enterprise, Oregon.[1] He received his BA in economics from Willamette University in 1961 and his PhD in Economics from Carnegie Mellon University in 1967.[2]

Career edit

 
Peter Diamond, Dale T. Mortensen, Christopher A. Pissarides, Konstantin Novoselov, Andre Geim, Akira Suzuki, Ei-ichi Negishi, and Richard Heck, Nobel Prize Laureates 2010, at a press conference at the Royal Swedish Academy of Sciences in Stockholm.

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.[3] He was the Niels Bohr Visiting Professor at the School of Economics and Management, Aarhus University, from 2006 to 2010.[4]

He was awarded the Nobel Memorial Prize in Economic Sciences jointly with Christopher A. Pissarides from the London School of Economics and Peter A. Diamond from the Massachusetts Institute of Technology in 2010[5] "for their analysis of markets with search frictions".[6] In May 2011, Mortensen was awarded an honorary doctorate from his alma mater, Willamette University.[7] 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 edit

Mortensen died of stage 4 lung cancer on January 9, 2014, at the age of 74, at his home in Wilmette.[8][9][10][11]

Awards, fellowships edit

The Dale T. Mortensen Building edit

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.[12]

Selected publications edit

  • 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 edit

  1. ^ "Oregon native, Willamette University grad Dale Mortensen wins Nobel Prize in economics". The Oregonian. October 11, 2010. Retrieved October 11, 2010.
  2. ^ "Dale T. Mortensen | American economist". Encyclopedia Britannica. Retrieved August 25, 2017.
  3. ^ Curriculum Vita of Dale T. Mortensen
  4. ^ . Econ.au.dk. April 27, 2009. Archived from the original on June 30, 2010. Retrieved October 11, 2010.
  5. ^ "Dale Mortensen: Department of Economics - Northwestern University". www.economics.northwestern.edu. Retrieved August 25, 2017.
  6. ^ a b The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 Peter A. Diamond, Dale T. Mortensen, Christopher A. Pissarides, official web site
  7. ^ http://www.willamette.edu/news/library/2011/03/commencement_2011.html March 12, 2011, at the Wayback Machine Willamette University | Commencement 2011
  8. ^ Stout, Hilary (January 10, 2014). "Dale T. Mortensen, Labor Economist and Nobel Laureate, Dies at 74". The New York Times.
  9. ^ "Dale Mortensen Obituary (1939 - 2014) Reading Eagle". Legacy.com.
  10. ^ . Bloomberg. Archived from the original on January 9, 2014.
  11. ^ DALE MORTENSEN, NOBEL LAUREATE, DIES AT 74
  12. ^ "International Centre".

External links edit

  •   Media related to Dale Mortensen at Wikimedia Commons
  • Dale T. Mortensen Archived December 11, 2012, at archive.today official site
  • at School of Economics and Management at Aarhus University
  • Dale T. Mortensen on Nobelprize.org   including the Nobel lecture Markets with Search Frictions and the DMP Model

dale, mortensen, dale, mortensen, redirects, here, american, politician, dale, mortensen, dale, thomas, mortensen, february, 1939, january, 2014, american, economist, professor, northwestern, university, winner, nobel, memorial, prize, economic, sciences, mort. Dale Mortensen redirects here For the American politician see Dale L Mortensen Dale Thomas Mortensen February 2 1939 January 9 2014 was an American economist a professor at Northwestern University and a winner of the Nobel Memorial Prize in Economic Sciences Dale T MortensenMortensen in 2010Born 1939 02 02 February 2 1939Enterprise Oregon USDiedJanuary 9 2014 2014 01 09 aged 74 Wilmette Illinois USNationalityAmericanAcademic careerInstitutionNorthwestern UniversityFieldLabor economicsAlma materCarnegie Mellon UniversityWillamette UniversityDoctoraladvisorMichael C LovellDoctoralstudentsRonald G EhrenbergAwardsIZA Prize in Labor Economics 2005 Nobel Memorial Prize in Economic Sciences 2010Information at IDEAS RePEcAcademic backgroundThesisThe macro dynamic implications of the permanent income and life cycle savings hypothesis 1967 Contents 1 Early life and education 2 Career 3 Death 4 Awards fellowships 5 The Dale T Mortensen Building 6 Selected publications 7 References 8 External linksEarly life and education editMortensen was born in Enterprise Oregon 1 He received his BA in economics from Willamette University in 1961 and his PhD in Economics from Carnegie Mellon University in 1967 2 Career edit nbsp Peter Diamond Dale T Mortensen Christopher A Pissarides Konstantin Novoselov Andre Geim Akira Suzuki Ei ichi Negishi and Richard Heck Nobel Prize Laureates 2010 at a press conference at the Royal Swedish Academy of Sciences in Stockholm 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 3 He was the Niels Bohr Visiting Professor at the School of Economics and Management Aarhus University from 2006 to 2010 4 He was awarded the Nobel Memorial Prize in Economic Sciences jointly with Christopher A Pissarides from the London School of Economics and Peter A Diamond from the Massachusetts Institute of Technology in 2010 5 for their analysis of markets with search frictions 6 In May 2011 Mortensen was awarded an honorary doctorate from his alma mater Willamette University 7 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 editMortensen died of stage 4 lung cancer on January 9 2014 at the age of 74 at his home in Wilmette 8 9 10 11 Awards fellowships editAlexander 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 6 The Dale T Mortensen Building editIn 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 Cafe the university s International Centre and the new IC Dormitory for international PhD students 12 Selected publications editD Mortensen and E Nagypal 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 1References edit Oregon native Willamette University grad Dale Mortensen wins Nobel Prize in economics The Oregonian October 11 2010 Retrieved October 11 2010 Dale T Mortensen American economist Encyclopedia Britannica Retrieved August 25 2017 Curriculum Vita of Dale T Mortensen Dale T Mortensen Labor Research Group Econ au dk April 27 2009 Archived from the original on June 30 2010 Retrieved October 11 2010 Dale Mortensen Department of Economics Northwestern University www economics northwestern edu Retrieved August 25 2017 a b The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2010 Peter A Diamond Dale T Mortensen Christopher A Pissarides official web site http www willamette edu news library 2011 03 commencement 2011 html Archived March 12 2011 at the Wayback Machine Willamette University Commencement 2011 Stout Hilary January 10 2014 Dale T Mortensen Labor Economist and Nobel Laureate Dies at 74 The New York Times Dale Mortensen Obituary 1939 2014 Reading Eagle Legacy com Bloomberg Business Bloomberg Archived from the original on January 9 2014 DALE MORTENSEN NOBEL LAUREATE DIES AT 74 International Centre External links edit nbsp Media related to Dale Mortensen at Wikimedia Commons Dale T Mortensen Archived December 11 2012 at archive today official site Dale Mortensen at School of Economics and Management at Aarhus University Dale T Mortensen on Nobelprize org nbsp including the Nobel lecture Markets with Search Frictions and the DMP Model Awards Preceded byElinor OstromOliver E Williamson Laureate of the Nobel Memorial Prize in Economics2010 Served alongside Peter A Diamond Christopher A Pissarides Succeeded byThomas J SargentChristopher A Sims Retrieved from https en wikipedia org w index php title Dale T Mortensen amp oldid 1220933474, wikipedia, wiki, book, books, library,

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