Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages, period. The only recourse is to either expand the number of jobs or somehow lower the… — Dale T. Mortensen Copy Share Image
Although labor income is by far the largest component of gross national product, a job is not just a commodity. For many, work is an important reason for living. Even for those who are less fortunate in their allocation of… — Dale T. Mortensen Copy Share Image
As the future is never known with certainty, the evaluation of the prospective benefits requires the formation of expectations. An acceptable house, partner or… — Dale T. Mortensen Copy Share Image
I grew up listening to my father argue politics into the night and taking trips every Saturday to the Hood River library where my… — Dale T. Mortensen Copy Share Image
Unemployment is 'involuntary' when the price is above its market clearing level. Workers are unemployed because jobs are not available at the prevailing wages,… — Dale T. Mortensen Copy Share Image
Although labor income is by far the largest component of gross national product, a job is not just a commodity. For many, work is… — Dale T. Mortensen Copy Share Image
In response to the drop in wealth suffered as a consequence of the 2008 financial crisis, homeowners and firms did attempt to increase savings… — Dale T. Mortensen Copy Share Image
I was a good student with mathematical ability and interests. As such, I took the usual college preparatory program in high school for one… — Dale T. Mortensen Copy Share Image
Over the years, the technology of trade has changed in response to advances in the ability to communicate. From its origins on the streets… — Dale T. Mortensen Copy Share Image
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human… — Dale T. Mortensen Copy Share Image
Every great achievement is but a small peak in the mountain range of contributions. — Dale T. Mortensen Copy Share Image
My co-winners, Peter Diamond and Christopher Pissarides, and I wish to thank the Royal Swedish Academy of Sciences and the Nobel Foundation for this… — Dale T. Mortensen Copy Share Image
The 1970s was the decade of developments in the new area of information economics. Search theory, which emphasized the need to gather information, was… — Dale T. Mortensen Copy Share Image
I became a member of the faculty at Northwestern University in 1965 but did not complete my thesis until two years later at a… — Dale T. Mortensen Copy Share Image
