Edward Paul Lazear

Morris Arnold and Nona Jean Cox Senior Fellow
Research Team: 
Awards and Honors:
American Academy of Arts and Sciences
Econometric Society (elected fellow)
American Association for the Advancement of Sciences
Society of Labor Economists
Biography: 

Edward P. Lazear is the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford University's Graduate School of Business. Lazear served at the White House from 2006 to 2009, where he was chairman of the President's Council of Economic Advisers. Before coming to Stanford, he taught at the University of Chicago.

Lazear has received numerous honors and prizes: among them, the 1998 Leo Melamed Biennial Prize for the best research by a business school professor, the 2004 Prize for Outstanding Contributions to Labor Economics from the Institute for the Study of Labor, and the 2006 Jacob Mincer Prize for lifetime achievement in the field of labor economics. He holds four honorary degrees, the most recent from the Copenhagen Business School (2013).

Founding editor of the Journal of Labor Economics and founder of the Society of Labor Economists, he is also an elected fellow of the American Academy of Arts and Sciences, the American Association for the Advancement of Science, the Econometric Society, and the Society of Labor Economists. He is a research associate of the National Bureau of Economic Research and was a member of the National Academy of Sciences Board on Testing and Assessment. Lazear was the first vice-president and then president of the Society of Labor Economists.

Lazear has written or edited a dozen books including Personnel Economics (MIT Press, 1995), which expands on his 1993 Wicksell Lectures. He has published more than one hundred papers in leading professional journals.

He received the Distinguished Teaching Award from Stanford University's Graduate School of Business in 1994 and the Distinguished Service Award from Stanford University in 2002.

Lazear holds AB and AM degrees from the University of California, Los Angeles, and a PhD from Harvard University.

Lazear's vitae and papers can be accessed through his personal webpage at http://faculty-gsb.stanford.edu/lazear/.

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Recent Commentary

Ouija-Board Economics

by Edward Paul Lazearvia Hoover Digest
Wednesday, January 28, 2015

Even the best economic forecasts just aren’t very good at predicting growth, costs, or jobs.

Taylor Jones cartoon

Climate Change Realism

by Edward Paul Lazearvia Hoover Digest
Wednesday, January 28, 2015

If we can’t stop climate change, can we adapt to it? Let’s find out.

Featured Commentary

Solving The Puzzle Of Stagnant Wages

by Edward Paul Lazearvia Wall Street Journal
Sunday, January 25, 2015

Evidence points to growing government regulation like Dodd-Frank and policies that discourage investment.

Featured Commentary

‘Scoring’ Legislation for Growth

by Edward Paul Lazearvia Wall Street Journal
Tuesday, January 6, 2015

New laws have economic consequences. Ignoring them doesn’t make a bill ‘neutral.’

Featured CommentaryNew Ideas

An Immigration Game Plan For The New Congress

by Edward Paul Lazearvia Wall Street Journal
Thursday, December 4, 2014

President Obama ’s unilateral action on immigration angered many in Congress and among the public. With Republicans taking control of Congress, it is tempting to respond aggressively. Instead, a more measured and constructive approach would move the country forward and address the concerns that the voters expressed in the recent election.

Economics in a Time of Drought

by Edward Paul Lazearvia Hoover Digest
Tuesday, October 21, 2014

Let the water flow where the market, not the government, says it should go.

Featured Commentary

Government Forecasters Might as Well Use a Ouija Board

by Edward Paul Lazearvia Wall Street Journal
Thursday, October 16, 2014

If you always assume that GDP growth will be 3.1%, you’ll be more accurate than federal number-crunchers.

Featured Commentary

The Climate Change Agenda Needs to Adapt to Reality

by Edward Paul Lazearvia Wall Street Journal
Tuesday, September 2, 2014

The Obama administration is instituting a variety of far-reaching policies to reduce carbon emissions and mitigate climate change. Are any of these capable of making a difference? Simple arithmetic suggests not. Given this reality, we would be wise to consider strategies that complement and may be more effective than mitigation—namely, adaptation.

Featured Commentary

Job Turnover Data Show Lots Of Churning, Little Job Creation

by Edward Paul Lazearvia Investor's Business Daily
Tuesday, August 19, 2014

The government's latest survey of job openings and labor turnover implies that while the U.S. labor market has improved significantly since the recession, it is far from having recovered.

The Bad News in the Good Jobs Numbers

by Edward Paul Lazearvia Hoover Digest
Wednesday, July 9, 2014

The economy is creating more jobs, but shorter workweeks have wiped out the gains.

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