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

Stimulus and the Jobless Recovery

by Edward Paul Lazearvia Wall Street Journal
Sunday, November 1, 2009

With the news that GDP grew at 3.5% in the third quarter, it seems apparent that economic recovery is underway...

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What the Stimulus Will Really Stimulate

by Edward Paul Lazearvia Hoover Digest
Friday, October 9, 2009

It’s really a headlong tumble into debt and greater government control. By Edward P. Lazear.

Analysis and Commentary

Do We Need a Second Stimulus?

by Edward Paul Lazearvia Wall Street Journal
Thursday, July 9, 2009

In "Brewster's Millions," a comedy starring Richard Pryor, a man is told he can keep $300 million if he manages to spend $30 million in one month...

Analysis and Commentary

The Republicans’ no-bang mortgage plan

by Gary S. Becker, Edward Paul Lazearvia Financial Times
Monday, February 9, 2009

In the current economic environment, mortgage legislation should be judged by two criteria...

Analysis and Commentary

Coming of Wage

by Edward Paul Lazear, Allan Hubbardvia Wall Street Journal
Monday, October 2, 2006

The U.S. economy has faced challenges from recession to corporate scandals to terrorist attack to natural disasters...

America at Work

by Edward Paul Lazear, Katherine Baickervia Hoover Digest
Sunday, July 30, 2006

The U.S. economy continues to add jobs—2 million last year alone—and unemployment remains low. Edward P. Lazear and Katherine Baicker explain how to keep it up.

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That Rarest of Opportunities

by Edward Paul Lazear, James M. Poterbavia Hoover Digest
Monday, January 30, 2006

Opportunities for true tax reform come along rarely, but the time is at hand. A report from two members of the President’s Advisory Panel on Federal Tax Reform, Edward P. Lazear and James M. Poterba.

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Private Accounts for Social Security?

by Edward Paul Lazearvia Hoover Digest
Saturday, April 30, 2005

Debunking the myths of Social Security privatization. By Edward P. Lazear.

Analysis and Commentary

The Plight of Immigrants from Mexico

by Edward Paul Lazearvia Hoover Daily Report
Wednesday, November 10, 2004

Mexicans often do poorly because they have been part of a large wave of immigrants who have similar cultures, languages, and backgrounds.

Teachers for the New Century

by Edward Paul Lazearvia Hoover Digest
Thursday, January 30, 2003

To improve our public schools we need better teachers. Hoover fellow Edward P. Lazear explains how to get them.

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