Edward Lazear is a labor economist and the founder of the field of personnel economics. His research centers on employee incentives, promotions, compensation, and productivity in firms. He also has devoted study to culture and language, with an emphasis on explaining the rise in multiculturalism in the United States. His recent work includes an already widely known theory of educational production. His current research is on entrepreneurship, leadership, and its relation to personell economics.
Lazear is the Morris A. Cox Senior Fellow at the Hoover Institution as well as the Davies Family Professor of Economics at Stanford University's Graduate School of Business. His previous teaching appointments were at the University of Chicago and Brown University. Lazear also served as Chairman of the President's Council of Economic Advisers and contributed his expertise in macroecnomic and microeconomic issues to the White House from 2006 to 2009. In addition to his former duties in Washington, Lazear has been an advisor to the governments of Czechoslovakia, Romania, Russia, Ukraine, and Georgia.
He holds AB and AM Degrees from the University of California at Los Angeles and a PhD from Harvard University.