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

Government Forecasters Might as Well Use a Ouija Board

by Edward Paul Lazearvia Wall Street Journal
Thursday, October 16, 2014

If you always assume that GDP growth will be 3.1%, you’ll be more accurate than federal number-crunchers.

Analysis and Commentary

The Climate Change Agenda Needs to Adapt to Reality

by Edward Paul Lazearvia Wall Street Journal
Tuesday, September 2, 2014

The Obama administration is instituting a variety of far-reaching policies to reduce carbon emissions and mitigate climate change. Are any of these capable of making a difference? Simple arithmetic suggests not. Given this reality, we would be wise to consider strategies that complement and may be more effective than mitigation—namely, adaptation.

Analysis and Commentary

Job Turnover Data Show Lots Of Churning, Little Job Creation

by Edward Paul Lazearvia Investor's Business Daily
Tuesday, August 19, 2014

The government's latest survey of job openings and labor turnover implies that while the U.S. labor market has improved significantly since the recession, it is far from having recovered.

The Bad News in the Good Jobs Numbers

by Edward Paul Lazearvia Hoover Digest
Wednesday, July 9, 2014

The economy is creating more jobs, but shorter workweeks have wiped out the gains.

Numbers to Live By

by Edward Paul Lazearvia Hoover Digest
Wednesday, July 9, 2014

To Gary Becker, the invisible hand was inescapably human.

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Analysis and Commentary

Government Dries Up California's Water Supply

by Edward Paul Lazearvia Wall Street Journal
Thursday, June 26, 2014

Many parts of the country, notably California and Texas, are experiencing intense drought. California rainfall in the Northern Sierra this year was 28.8 inches, 60% the normal amount. 

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Lazear on CNBC: “back in the old days, being first was a big deal”

by Edward Paul Lazearvia CNBC
Wednesday, May 14, 2014

Hoover senior fellow Edward Lazear discusses Yahoo’s acquisition of Blink, a text-messaging start-up, on CNBC. Topics include first-mover advantage.

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Special: Boskin, Lazear, and Roberts remember Gary Becker on the John Batchelor Show

by Edward Paul Lazear, Michael J. Boskin, Russell Robertsvia John Batchelor Show
Wednesday, May 7, 2014

In conjunction with a special live taping of the John Batchelor Show at the Hoover Spring Retreat, John Batchelor and Mary Kissel of the Wall Street Journal host Hoover senior fellows Michael Boskin and Edward Lazear, Hoover research fellow Russell Roberts, and CNBC’s Larry Kudlow in a special episode remembering Hoover senior fellow Gary Becker.

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Analysis and Commentary

A Gifted Economist and the Ultimate Social Scientist

by Edward Paul Lazear with Gary S. Beckervia Wall Street Journal
Monday, May 5, 2014

When Gary Becker of the University of Chicago died on Saturday at age 83, the world lost one of the great economists of the past century—and one of its most significant social scientists. Becker believed that economics could be used to explain all social behavior.

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Lazear on the John Batchelor Show: “we currently have a tax system that impedes investment”

by Edward Paul Lazearvia John Batchelor Show
Friday, May 2, 2014

Hoover senior fellow Edward Lazear discusses taxes and the economy on the John Batchelor Show. Topics include what holds back investment, consumption taxes, and capital gains taxes.

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