Society of Labor Economists names new prize for Edward Lazear

Edward Lazear
Edward Lazear

The Society of Labor Economists (SOLE) has announced a new prize named in honor of EDWARD LAZEAR.

The annual Edward P. Lazear Prize, to be first awarded in 2022, will recognize individuals who have made significant contributions to the field of labor economics, devoted a portion of their careers for the benefit of civil society and actively helped shape public policy.

In a statement about the prize, SOLE’s board of directors praised Lazear for founding the subfield of personnel economics and for his writing on major policy issues that impact the economy of labor, such as entrepreneurship, immigration, language and sales.

The board commended Lazear for contributions to the profession, including his proposal to create the Journal of Labor Economics and to serve as its founding editor. In 1996, Lazear devised the concept of the Society of Labor Economists and framed SOLE’s bylaws. He subsequently became SOLE’s first vice president and then president.

SOLE’s board of directors also noted Lazear’s prominent role in government. From 2006 to 2009, he served as chair of the White House Council of Economic Advisers and played a central role in crafting the government’s policy response to the global financial crisis of 2007-08.

Lazear first joined the Hoover Institution as a senior fellow in 1985 and became a professor at Stanford in 1992. At the Hoover Institution, he is the Morris Arnold and Nona Jean Cox Senior Fellow. At Stanford Graduate School of Business, he is the Davies Family Professor of Economics. Lazear previously served in academic posts at the University of Chicago. 

Read more on the Hoover Institution news site.