2013 – Edward Lazear

10th Annual W.J. Usery Distinguished Lecture – 2013

Dr. Edward Lazear
Dr. Edward Lazear

“The Recession and the US Labor Market” – Wednesday, November 13th, 10:30 am

Professor Edward Lazear, the Jack Steele Parker Professor of Human Resources Management and Economics, Graduate School of Business, and Senior Fellow, the Hoover Institution, Stanford University, presented the 10th Annual W.J. Usery Lecture on November 13, 2013, 10:30-noon, at the Andrew Young School of Policy Studies, Georgia State University, in AYS Seminar Room 749 (seventh floor). His topic was, “The Recession and the US Labor Market.”

Professor Lazear is founder of the Society of Labor Economists (SOLE) and the Journal of Labor Economics and widely recognized as founder of the field of “personnel economics.” He was Chair of the Council of Economic Advisors under President George W. Bush from February 2006 through January 2009.

Lazear is a research associate of the National Bureau of Economic Research (NBER), a Fellow of the American Academy of Arts and Sciences, and has been awarded the Jacob Mincer Prize for Lifetime Achievement by the Society of Labor Economists, the IZA Prize in Labor Economics, and the Leo Melamed Biennial Prize for Outstanding Research in Finance. He has given numerous keynote addresses at universities and professional societies.

Books authored by Edward Lazear include Personnel Economics (1995), Personnel Economics for Managers (1998), and Inside the Firm: Contributions to Personnel Economics (2011).

Widely-cited research articles include “Why is there Mandatory Retirement?” (JPE, 1979); “Rank-Order Tournaments as Optimum Labor Contracts” (with S. Rosen, JPE, 1981); “Incentives, Productivity, and Labor Contracts,” (with R. Moore, QJE, 1984); “Pay Equality and Industrial Politics,” (JPE, 1989); “Job Security Provisions and Employment,” (QJE, 1990); “Performance Pay and Productivity,” (AER, 2000); “Speeding, Terrorism, and Teaching to the Test,” (QJE, 2006), and “Firm-Specific Human Capital: A Skill-Weights Approach,” (JPE, 2009).

Lazear received a bachelor’s and master’s degrees from the University of California, Los Angeles, and his doctorate from Harvard University in 1974. Prior to moving to Stanford in 1992, he taught at the University of Chicago, where he was the I. and G. Brown Professor of Urban and Labor Economics.

In addition to his lecture, Professor Lazear met informally with faculty and doctoral students in Economics to discuss their research, and attended a luncheon with AYSPS faculty and other area labor economists, hosted by Barry Hirsch, professor (Economics) and the W.J. Usery Chair of the American Workplace.