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Dr. Christopher A. Pissarides, has accepted to be honored by the Chamber on Friday, May 6th with the Cyprus-U.S. Distinguished Merit Award at the Hilton New York. Dr. Pissarides was born in Nicosia, Cyprus. We are incredibly proud that Professor Christopher A. Pissarides, LSE Professor has been awarded the 2010 Nobel Prize in Economics Sciences (together with Peter Diamond of MIT and Dale Mortensen of Northwestern Univeristy). Professor Pissarides is professor of economics at London School of Economics and holder of the Norman Sosnow Chair in Economics. He is also a fellow of the Centre for Economic Performance at LSE and of the Centre for Economic Policy Re-search. He was awarded his PhD at LSE in 1973 and has been on the faculty since - for 38 years.
Dr. Pissarides said “Our research looks at what happens to someone who loses his or her job because of changes in economic environment. We have created a model which allows us to analyze the process and decisions, such as policy, which affect how long it is before someone finds productive employment again. Until we began the work there was no way of thinking about these issues”. “One of the key things we found is that it is important to make sure that people do not stay unemployed too long so they don‘t lose their feel for the labor force. The ways of dealing with this need not be expensive training-it could be as simples as pro-viding work experience.” Please join us in honoring Dr. Pissarides and his remarkable achievements on May 6, 2011
Chamber to honor Nobel Prize Laureate, Dr. Pissarides, May 6th, 6:30 p.m. at the New York Hilton