Edward Lazear
| Edward Lazear | |
|---|---|
 |
|
| Chair of the Council of Economic Advisers | |
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In office February 27, 2006 – January 20, 2009 |
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| President | George W. Bush |
| Preceded by | Ben Bernanke |
| Succeeded by | Christina Romer |
| Personal details | |
| Born |
August 17, 1948 New York City, New York, U.S. |
| Political party | Republican |
| Education |
University of California, Los Angeles (BA, MA) Harvard University (PhD) |
Edward Paul Lazear (/ləˈzɪər/, lə-ZEER) (born August 17, 1948) is an award-winning American economist, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution at Stanford University and the Jack Steele Parker Professor of Human Resources, Management and Economics at Stanford Graduate School of Business.
Lazear served as Chairman of the Council of Economic Advisors from 2006 to 2009, replacing Ben Bernanke. As Chairman, he was the chief economic advisor to President George W. Bush holding a cabinet-level post as part of the White House team that led the response to the 2007-2008 financial crisis. Lazear has been called the founder of personnel economics a subfield of economics that applies economic models to the study of the management of human resources in the firm. His research advances new models of employee incentives, promotions, compensation and productivity in firms. He is also credited with developing a theory of entrepreneurship and leadership that emphasizes skill acquisition. In addition to personnel economics, Lazear is a microeconomist known for his work on the educational production function, teaching to the test, and the importance of culture and language in explaining the rise of multiculturalism.
Born in 1948, Professor Lazear grew up in Los Altos, California. He graduated from the University of California, Los Angeles with AB and AM degrees in 1971. He received his doctorate in economics from Harvard University in 1974.
Edward Lazear is Jack Steele Parker Professor of Human Resources Management and Economics at Stanford University since 1995 and Morris A. Cox Senior Fellow at Hoover Institution since 1985. Previously, he was the Isidore Brown and Gladys J. Brown Professor of Urban and Labor Economics of the Graduate School of Business at the University of Chicago (1985-1992). He is the founding editor of the Journal of Labor Economics, the premier journal in labor economics, and the 15th ranked journal in economics. Lazear is also the founder of the Society of Labor Economists.
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