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

Analysis and Commentary

Why The Recovery Still Limps Along

by Edward Paul Lazearvia Wall Street Journal
Monday, June 22, 2015

A state-by-state analysis shows that market-oriented policies work. Too bad more states aren’t using them.

The Wages Of Stagnation

by Edward Paul Lazearvia Hoover Digest
Friday, June 19, 2015

Average pay has remained in the doldrums even as the economy has grown. Here’s why.

Making The Poor Richer

by Edward Paul Lazearvia Hoover Digest
Friday, June 19, 2015

When the free market benefits people of all incomes, “inequality” becomes a red herring.

Know the Score

by Edward Paul Lazearvia Hoover Digest
Monday, April 20, 2015

The House’s new “dynamic scoring” rule puts some badly needed economic sense into lawmaking.

Immigration that Works

by Edward Paul Lazearvia Hoover Digest
Monday, April 20, 2015

How to mend a broken system.

Analysis and Commentary

Want To Reduce Inequality? Consult China, Vietnam And India

by Edward Paul Lazearvia Wall Street Journal
Tuesday, March 31, 2015

President Obama has called income inequality the “defining challenge of our time.” Many progressives blame the market economy and doubt John F. Kennedy’s view that “a rising tide lifts all boats.” In 2011 Mr. Obama chided those who believe “the market will take care of everything.” It’s a “simple theory,” he said. “It fits well on a bumper sticker. Here’s the problem: It doesn’t work. It’s never worked.”

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.

Analysis and 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.

Analysis and 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.’

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