The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Mortensen, Dale T. (Born 1939)

  • Rasmus Lentz
Reference work entry


Dale T. Mortensen (born 1939) was awarded the Nobel Prize for Economics in 2010 jointly with Peter A. Diamond and Christopher A. Pissarides for his work on the analysis of markets with search frictions. Together, they developed the Diamond-Mortensen-Pissarides Model (DMP model): an equilibrium model of unemployment dynamics. An empirically motivated theoretical economist, Mortensen has made a tremendous contribution to the field of labour economics.


Nobel Prize Wage search model Market tightness Worker reallocation Labour market theory Labour market search Diamond-Mortensen-Pissarides model Beveridge curve 

JEL Classifications

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Rasmus Lentz
    • 1
  1. 1.