Northwestern University Prof Dale T. Mortensen Honored For Labor Work

[Omaha Steve]

http://www.wbbm780.com/NU-Prof-Honored-For-Labor-Work/3762038

Posted: Saturday, 31 January 2009 5:02PM

EVANSTON--A Northwestern University professor is one of three economists chosen as a distinguished fellow by the American Economics Association.

Dale T. Mortensen, the Ida C. Cook Professor of Economics and Northwestern University, received the award for his work on job search and its application to the problem of unemployment, according to a Northwestern release.

He then extended the tools of search theory to study labor turnover, research and development, personal relationships and labor reallocation. His work has become the leading technique for analysis of labor markets and the effects of labor market policy, the release said.

Mortensen researches the development of equilibrium dynamic models designed to account for wage dispersion, the time series behavior of job and worker flows and economic growth through product innovation, the release said.

Mortensen has been on the Northwestern faculty since 1965 and also has been a visiting professor, researcher and lecturer at universities in the United States and abroad, the release said.

The American Economic Association is the oldest and one of the most important professional organization in the economic field.