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

Analysis and Commentary

How to Grow Out of the Deficit

by Edward Paul Lazearvia Wall Street Journal
Monday, September 27, 2010

Limiting spending increases to inflation minus 1% would balance the budget in less than a decade...

How to Grow Out of the Deficit

by Edward Paul Lazearvia Advancing a Free Society
Monday, September 27, 2010

As Washington debates the fate of the 2001 and 2003 tax cuts, many lawmakers have fallen into a logical trap of their own making.

The Future of Fannie & Freddie

by Edward Paul Lazearvia Advancing a Free Society
Tuesday, August 17, 2010

Ed Lazear discusses the future of Fannie Mae and Freddie Mac with CNBC’s Maria Bartiromo:

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Hoover senior fellows Michael Boskin and Edward Lazear discuss the dangers of th

Economic Headwinds with Lazear and Boskin

by Peter M. Robinsonwith Michael J. Boskin, Edward Paul Lazearvia Uncommon Knowledge
Tuesday, July 6, 2010

Boskin and Lazear take on the economy, discussing the explosion of deficit spending and the unprecedented increase in the money supply. Following the worst recession since WWII, why does the economic recovery seem so weak? Where, in particular, are the jobs? As a matter of pure economics, what do we need to do? As a matter of practical politics, how can we do it? (36:35) Video transcript

A Smothering Burden

by Edward Paul Lazearvia Hoover Digest
Wednesday, April 21, 2010

During a fragile economic recovery, sharp increases in both taxes and spending are the last things we need. By Edward P. Lazear.

A Smothering Burden

by Edward Paul Lazearvia Advancing a Free Society
Thursday, April 15, 2010

A few months back, President Obama proposed a three-year spending freeze on what amounts to one-sixth of the federal budget. Our biggest entitlement programs, Social Security and Medicare, would be excluded. These changes are an exercise in image rather than substance.

Analysis and Commentary

The Spending 'Freeze' That Isn't

by Edward Paul Lazearvia Wall Street Journal
Wednesday, January 27, 2010

Since 2008, the ratio of outlays-to-GDP has risen by about 14%. . . .

A Statistical Mirage

by Edward Paul Lazearvia Hoover Digest
Thursday, January 14, 2010

Did stimulus spending really “create or save” more than 1 million jobs? By Edward P. Lazear.

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