The Nobel Prize in Economic Sciences 2010
On Wednesday it was announced that Dale T. Mortensen, a Niels Bohr professor in economics at Aarhus University, will receive the Nobel Prize in Economic Sciences together with his two colleagues Peter Diamond and Christopher Pissarides. The three economists are honoured for their labour market research and for developing models explaining the relationship between unemployment, job vacancies and wages, and how these relationships are influenced by regulation and economic policy in general. One conclusion made by the trio is that more generous unemployment benefits lead to higher unemployment and longer search times.
- Photo: Lars Kruse/AU-foto
- Photo: Lars Kruse/AU-foto