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

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America's Coming Tax Increase

by Edward Paul Lazearvia Analysis
Thursday, April 28, 2016

This is the statistical backup for the statements Edward P. Lazear made in his April 28, 2016, Wall Street Journal op-ed “America's Coming Tax Increase.” Data are from the OECD.

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The Zero-Sum Fallacy

by Edward Paul Lazearvia Hoover Digest
Monday, April 18, 2016

Incomes rise or fall together—what moves them is economic growth. Why we’re all in this together.


If Only Hillary And Bernie Would Recall JFK

by Edward Paul Lazearvia The Wall Street Journal
Thursday, January 28, 2016

Kennedy knew ‘a rising tide lifts all boats.’ Today’s Democrats prefer class warfare over prosperity.

Click here to see What's Behind the Numbers?.

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Too Strong to Fail

by Edward Paul Lazearvia Hoover Digest
Wednesday, January 27, 2016

Dodd-Frank’s selective scrutiny won’t prevent the next financial meltdown. What would? Insisting that financial institutions hold more capital.

Analysis and Commentary

Overconfidence And Occupational Choice

by Edward Paul Lazearvia National Bureau of Economic Research
Tuesday, January 26, 2016

[Subscription Required] A statistical theory of overconfidence is proposed and applied to the issue of occupational choice. Individuals who can choose whether to engage in an activity or not must estimate their performance.


Ed Lazear: This Is The Real Unemployment Rate

by Edward Paul Lazearvia The Washington Post
Friday, November 6, 2015

The government announced Friday that October's unemployment rate stood at 5 percent, lower than it has been for two-thirds of the time since 2000.

Click here to see What's Behind the Numbers?.

U.S. Capitol as weather vane
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Where the Business Climate Is Fair and Warming

by Edward Paul Lazearvia Hoover Digest
Friday, October 16, 2015

States that are friendly to business are climbing out of recession more quickly than those that aren’t.


How Not To Prevent The Next Financial Meltdown

by Edward Paul Lazear quoting Allan H. Meltzervia The Wall Street Journal
Friday, October 2, 2015

Dodd-Frank’s safeguards against chaos are based on a misdiagnosis of what led to the 2008 crisis.

Analysis and Commentary

Why The Recovery Still Limps Along

by Edward Paul Lazearvia Wall Street Journal
Monday, June 22, 2015

A state-by-state analysis shows that market-oriented policies work. Too bad more states aren’t using them.

The Wages Of Stagnation

by Edward Paul Lazearvia Hoover Digest
Friday, June 19, 2015

Average pay has remained in the doldrums even as the economy has grown. Here’s why.