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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Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover I

Lazear discusses GDP as an indicator of the future on CNBC’s Squawk on the Street

by Edward Paul Lazearvia CNBC - Squawk on the Street
Wednesday, August 7, 2013

Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, offers insights into the GDP and why the market is a better indicator of the future than the GDP. Lazear notes that the market is not a perfect indicator but is the best unbiased predictor of the future.

Analysis and Commentary

The Stock Market Beats GDP as an Economic Bellwether

by Edward Paul Lazearvia Wall Street Journal
Wednesday, July 31, 2013

On Wednesday, the Bureau of Economic Analysis releases its estimates of U.S. gross domestic product for the second quarter of the year. The BEA bureau cautions that its numbers are estimates and are subject to significant revision.


Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover I

Lazear discusses the Senate’s immigration bill on Bloomberg TV

by Edward Paul Lazearvia Bloomberg Television
Thursday, July 18, 2013

Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, offers insights into the Immigration bill before Congress, notes that it is a step in the right direction but needs strengthening in the area of the merit-based immigration.

Analysis and Commentary

An Upgrade for the Senate Immigration Bill

by Edward Paul Lazear with Gary S. Beckervia Wall Street Journal
Tuesday, July 16, 2013

Compared with the system in place now, the Senate's immigration reform is a big improvement. But the bill has flaws that make it less likely that the people with the most to contribute to U.S. society can get here legally. Still, the flaws can be fixed by the House.


Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover I

Lazear discusses immigration and monetary policy on Bloomberg Television's Market Makers

by Edward Paul Lazearvia Bloomberg Television
Thursday, June 20, 2013

Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, in discussing the immigration legislation being considered by the US Senate, recommends supporting a liberal immigration policy. Lazear also weighs in on the Federal Reserve’s monetary policy.

Edward Lazear, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover I

Lazear discusses the US unemployment rate on Bloomberg Television's Market Makers

by Edward Paul Lazearvia Bloomberg Television
Friday, June 7, 2013

Edward Lazear, the Morris Arnold Cox Senior Fellow at the Hoover Institution and former chairman of the President's Council of Economic Advisers, shares his thoughts on the May US employment report and the outlook for the economy.

Analysis and Commentary

The Hidden Jobless Disaster

by Edward Paul Lazearvia Wall Street Journal
Wednesday, June 5, 2013

The market tanked Wednesday on bad preliminary job news. And so, when Friday's jobs report is released, the unemployment rate and the number of new jobs will come in for close scrutiny. Then again, they always attract the most attention.

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