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 Davies Family Professor of 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

Policy InsightsFeatured

Social Safety Nets

by John F. Cogan, Edward Paul Lazear, Lee Ohanian, Daniel Heilvia PolicyEd
Thursday, July 11, 2019

The federal government spends trillions of dollars each year on social safety net programs that take many different forms. Some provide cash assistance, and others provide health care, food, or housing. With so much money being spent on so many programs, it can be difficult to comprehend the extent of the US social safety net, its effectiveness, and its shortcomings. 

Featured

Edward Lazear On The Economy: Best Indicator Of Future Growth Is The Market

interview with Edward Paul Lazearvia Fox Business
Wednesday, July 10, 2019

Hoover Institution fellow Ed Lazear talks about the outlook for US economic growth, Federal Reserve policy, US trade talks with China, and the potential regulation of big tech.

Featured

How Innovation Drives Economic Growth

featuring Stephen Haber, Edward Paul Lazear, Amit Seru via Stanford Business
Monday, June 24, 2019

Three Stanford scholars explore how we measure innovation, how innovation drives productivity, and how productivity affects inequality.

Interviews

Lazear: The Recovery Is Reaching Its End

interview with Edward Paul Lazearvia CNBC
Friday, June 21, 2019
Hoover Institution fellow Ed Lazear discusses the economy, the Fed, and whether we are near the end of the recovery.
Featured

The Recovery Is Reaching Its End

by Edward Paul Lazearvia The Wall Street Journal
Tuesday, June 18, 2019

When unemployment dropped below 5% three years ago, some economists, including at the Federal Reserve, concluded that the labor market had topped out—that those still out of work would never get jobs. Three years and nearly eight million additional jobs later, it’s clear they were wrong.

Edward Lazear
Featured

Santelli Exchange: Former CEA Chairman Ed Lazear

interview with Edward Paul Lazearvia CNBC
Thursday, June 6, 2019

Hoover Institution fellow Ed Lazear discusses wages, the jobs report, the fed, trade, tariffs, and much more.

Featured

Mind The Productivity Gap To Reduce Inequality

by Edward Paul Lazearvia The Wall Street Journal
Monday, May 6, 2019

How are American workers doing? Neither the middle class nor the poor have fared well in recent decades—but don’t blame tax cuts, a too-low minimum wage or the greed of the 1%. In rich countries around the world, the top half of the income distribution has been pulling away from the bottom half. Productivity growth among high-wage workers, driven by technological change, is the reason. 

In the News

American Economic Association Recognizes Edward Lazear

featuring Edward Paul Lazearvia Stanford News
Sunday, May 5, 2019

The American Economic Association (AEA) has named Edward Lazear the Davies Family Professor of Economics at Stanford Graduate School of Business and the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution, a recipient of its 2019 Distinguished Fellow awards.

Interviews

Edward Lazear On The Santelli Exchange: On The Labor Market And Productivity

interview with Edward Paul Lazearvia CNBC
Friday, May 3, 2019

Hoover Institution fellow Ed Lazear discusses job growth and the economy.

Featured

Santelli Exchange: Lazear On The Jobs Report

with Edward Paul Lazearvia CNBC
Friday, April 5, 2019

Hoover Institution fellow Ed Lazear discusses the jobs report and President Trump's call for a rate cut.

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