Oregon native wins Nobel Prize

Oregon native and Willamette University grad Dale Mortensen has won the Nobel Prize in economics.

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Oregon native and graduate of Willamette University Dale Mortensen won the Nobel Prize in economics for his research into unemployment.

Mortensen was born in Enterprise and raised in Hood River.

Mortensen, a visiting professor at the University of Aarhus in Denmark, and two other economists were honored for their work in explaining why unemployment can remain high despite large numbers of job openings — a trend that is playing out today.

The other Nobel winners are Peter Diamond, an economist at the Massachusetts Institute of Technology, and Christopher Pissarides, a professor at the London School of Economics.

The three men will share the $1.5 million prize.

Read more at OregonLive.com.

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