Lance Lochner is visiting fellow at the Hoover Institution. He was a national fellow for the academic year 2014-15. He is currently Professor of Economics and Canada Research Chair in Human Capital and Productivity at the University of Western Ontario. He is also Director of the CIBC Centre for Human Capital and serves as co-coordinator of the Markets Network, an international research network devoted to studying issues central to financing human capital investment. He is an editor at the Journal of Labor Economics and associate editor at the Journal of Applied Econometrics. He received his PhD in economics from the University of Chicago in 1998. Professor Lochner’s research is largely devoted to the study of human capital formation throughout the lifecycle and to understanding criminal behavior. Previous and current research explores the interaction between human capital and criminal behavior, financial returns to schooling, human capital acquisition from birth to retirement, the evolution of earnings inequality, and issues related to financing education.