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

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

Smaller Class Size No Magic Bullet

by Edward Paul Lazearvia Hoover Digest
Sunday, January 30, 2000

Smaller classes may be touted as the best way to improve our public schools, but what our schools really need is better teachers. By Hoover fellow Edward P. Lazear.

Analysis and Commentary

Making Unemployment Insurance Work

by Edward Paul Lazearvia Hoover Daily Report
Monday, December 6, 1999

The main purpose of unemployment insurance is to cushion temporary, unanticipated spells of unemployment.

Whose Boom Is It, Anyway?

by Edward Paul Lazearvia Hoover Digest
Friday, April 30, 1999

President Clinton and Hoover fellow Edward P. Lazear agree that the president deserves credit for the current economic expansion. They just disagree about which president.

Culture Wars in America

by Edward Paul Lazearvia Analysis
Monday, July 1, 1996

Economic necessity forces immigrants and minority members to acquire the culture and speak the language of the majority. A non-English speaker who lives in a community in which many speak the language of his native land may never learn English. The same person might learn English quickly were he or she to find him- or herself in a community where only English is spoken.

Culture wars threaten to diminish America's ability to absorb new immigrants and to benefit from the diversity already present in our country. Much of the conflict is generated by government policy that reduces the incentives to become assimilated and exacerbates differences in the population. Education in one's native language, unbalanced immigration policies that result in large and stable ghettos, welfare availability, and encouragement of a multilingual society by allowing citizens to vote in languages other than English all reduce incentives to become assimilated. This essay explores patterns of cultural assimilation over time and makes policy recommendations that may bring a quicker end to the culture wars.

Cover Charge

by Edward Paul Lazearvia Hoover Digest
Tuesday, April 30, 1996

Current immigration policy establishes annual quotas for countries of origin--just so many French each year, just so many Mexicans, just so many Nigerians. Hoover fellow Edward P. Lazear has a better idea. Sell the slots outright.

Economic Transition in Eastern Europe and Russia: Realities of Reform

via Books by Hoover Fellows
Sunday, January 1, 1995

Thirteen essays by acknowledged economic experts explore the rapid changes in the transition economies of Eastern Europe, with discussions on political and economic freedom, monetary control and privatization, labor markets and social safety nets, and taxation and crime.

Searching for Alternatives: Drug-Control Policy in the United States

via Books by Hoover Fellows
Friday, January 1, 1993

A survey of the drug policy debate, Searching for Alternativesfeatures essays by thirty respected champions of divergent views.


Issues In Contemporary Retirement

by Rita Ricardo-Campbell, Edward Paul Lazearvia Books by Hoover Fellows
Friday, January 1, 1988

Book by Ricardo-Campbell, Rita, Lazear, Edward

In the News

The Value of Bosses

by Edward Paul Lazear, Kathryn Shaw, Christopher Stantonvia National Bureau of Economic Research