Nobel-Winning Economist Dale Mortensen Dies at 74

Studied supply and demand in the job market

Dale T. Mortensen, the 2010 Nobel Prize laureate in economics and professor at Northwestern University in Illinois, died Thursday, his family said. He was 74.

Mortensen, who won the Nobel along with Peter Diamond of the Massachusetts Institute of Technology and Christopher Pissarides of the London School of Economics, has been at Northwestern since 1965.

He joked his award-winning research, which involved supply and demand in the job market, did not reflect his own career, which included one employer for more than 40 years.

"One of the things I study is why people move, though my entire career has been at Northwestern. Colleagues say I study it to see what other people do," a Northwestern University news release quoted him as saying.