Edward P. Lazear

Stanford Graduate School of Business

Jack Steele Parker Professor of Human Resources Management and Economics; Senior Fellow, Hoover Inst

655 Knight Way

Stanford, CA 94305-5015

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

IZA Institute of Labor Economics

P.O. Box 7240

Bonn, D-53072

Germany

  • Stanford Graduate School of Business

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SCHOLARLY PAPERS

62

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Scholarly Papers (62)

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1.

Entrepreneurship

Downloads 3,694 ( 5,331)
Citation 102

Entrepreneurship

Number of pages: 56 Posted: 10 Jan 2003
Edward P. Lazear
Stanford Graduate School of Business
Downloads 3,398 (6,006)
Citation 3

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Entrepreneurship, Occupation Choice, Diversity, Jack-of-all-trades

Entrepreneurship

NBER Working Paper No. w9109
Number of pages: 53 Posted: 16 Aug 2002 Last Revised: 23 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 296 (176,904)
Citation 8

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Entrepreneurship

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 24 Nov 2009
Edward P. Lazear
Stanford Graduate School of Business

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Experimental/primary research, Stanford University Graduate School of Business, Employment history, Careers, Educational background, Work experience, Demographics, Skills, Risk orientation, Career choices

Entrepreneurship

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 24 Nov 2009
Edward P. Lazear
Stanford Graduate School of Business

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Stanford University Graduate School of Business, Entrepreneurship, Career choices, Business education, Skills, Background (biographical), Income distribution

2.

Performance Pay and Productivity

Downloads 1,783 (17,016)
Citation 557

Performance Pay and Productivity

Number of pages: 11 Posted: 25 Sep 1996
Edward P. Lazear
Stanford Graduate School of Business
Downloads 1,527 (21,245)
Citation 10

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Performance Pay and Productivity

NBER Working Paper No. w5672
Number of pages: 36 Posted: 19 Jul 2000 Last Revised: 03 Jul 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 256 (205,334)
Citation 77

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3.

The Peter Principle: A Theory of Decline

Downloads 775 (56,660)

The Peter Principle: A Theory of Decline

Number of pages: 40 Posted: 25 May 2003
Edward P. Lazear
Stanford Graduate School of Business
Downloads 775 (55,831)
Citation 15

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Peter Principle, Regression to the Mean, Stochastic

The Peter Principle: A Theory of Decline

Posted: 26 Jan 2004
Edward P. Lazear
Stanford Graduate School of Business

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4.

The Value of Bosses

Downloads 732 (61,123)
Citation 80

The Value of Bosses

Number of pages: 44 Posted: 18 Aug 2012 Last Revised: 14 Jun 2014
Edward P. Lazear, Kathryn L. Shaw and Christopher Stanton
Stanford Graduate School of Business, Stanford Graduate School of Business and Harvard University - Business School (HBS)
Downloads 446 (111,962)
Citation 1

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The Value of Bosses

NBER Working Paper No. w18317
Number of pages: 39 Posted: 18 Aug 2012 Last Revised: 21 Jul 2023
Edward P. Lazear, Kathryn L. Shaw and Christopher Stanton
Stanford Graduate School of Business, Stanford Graduate School of Business and Harvard University - Business School (HBS)
Downloads 286 (183,420)
Citation 17

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5.

Output-Based Pay: Incentives, Retention or Sorting?

Number of pages: 41 Posted: 24 May 2003
Edward P. Lazear
Stanford Graduate School of Business
Downloads 662 (69,618)
Citation 3

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Incentives, Sorting, Selection

6.

Firm-Specific Human Capital: A Skill-Weights Approach

Downloads 654 (70,732)
Citation 87

Firm-Specific Human Capital: A Skill-Weights Approach

Number of pages: 32 Posted: 12 Jul 2003
Edward P. Lazear
Stanford Graduate School of Business
Downloads 526 (91,800)
Citation 71

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Human Capital, Skills, Skill-weights

Firm-Specific Human Capital: A Skill-Weights Approach

NBER Working Paper No. w9679
Number of pages: 30 Posted: 11 May 2003 Last Revised: 14 Dec 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 128 (379,567)
Citation 13

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7.

Why is There Mandatory Retirement?

Number of pages: 24 Posted: 06 Dec 2001
Edward P. Lazear
Stanford Graduate School of Business
Downloads 629 (74,289)
Citation 228

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8.

Economic Imperialism

Downloads 448 (112,583)
Citation 80

Economic Imperialism

NBER Working Paper No. w7300
Number of pages: 66 Posted: 25 Feb 2000 Last Revised: 07 May 2000
Edward P. Lazear
Stanford Graduate School of Business
Downloads 302 (173,138)
Citation 7

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Economic Imperialism

NBER Working Paper No. w7300
Number of pages: 66 Posted: 12 May 2000 Last Revised: 14 Dec 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 146 (342,248)
Citation 7

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9.

Russia in Transition

Number of pages: 43 Posted: 08 Dec 2002
Michael A. Schwarz, Edward P. Lazear and Sherwin Rosen
Microsoft, Stanford Graduate School of Business and University of Chicago (Deceased)
Downloads 442 (114,628)

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Economic Transition, Incentives, Soft Taxation

10.

Rank-Order Tournaments as Optimum Labor Contracts

NBER Working Paper No. w0401
Number of pages: 59 Posted: 28 Jun 2004 Last Revised: 06 Feb 2022
Edward P. Lazear and Sherwin Rosen
Stanford Graduate School of Business and University of Chicago (Deceased)
Downloads 365 (142,303)
Citation 139

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11.

Personnel Economics

NBER Working Paper No. w13480
Number of pages: 58 Posted: 15 Oct 2007 Last Revised: 02 Nov 2022
Edward P. Lazear and Paul Oyer
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 327 (160,263)
Citation 13

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12.

Making Do with Less: Working Harder During Recessions

Downloads 219 (240,852)
Citation 36

Making Do with Less: Working Harder During Recessions

Stanford University Graduate School of Business Research Paper No. 14-16
Number of pages: 46 Posted: 07 Aug 2013 Last Revised: 14 Jun 2014
Edward P. Lazear, Kathryn L. Shaw and Christopher Stanton
Stanford Graduate School of Business, Stanford Graduate School of Business and Harvard University - Business School (HBS)
Downloads 179 (287,442)

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Making Do with Less: Working Harder During Recessions

NBER Working Paper No. w19328
Number of pages: 44 Posted: 17 Aug 2013 Last Revised: 24 Apr 2023
Edward P. Lazear, Kathryn L. Shaw and Christopher Stanton
Stanford Graduate School of Business, Stanford Graduate School of Business and Harvard University - Business School (HBS)
Downloads 40 (749,893)
Citation 29

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13.

Personnel Economics: The Economist's View of Human Resources

NBER Working Paper No. w13653
Number of pages: 34 Posted: 03 Dec 2007 Last Revised: 26 Oct 2022
Edward P. Lazear and Kathryn L. Shaw
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 181 (284,904)
Citation 65

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14.

Educational Production

NBER Working Paper No. w7349
Number of pages: 50 Posted: 20 Mar 2000 Last Revised: 01 Aug 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 170 (300,877)
Citation 13

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15.

Retail Pricing and Clearance Sales

NBER Working Paper No. w1446
Number of pages: 47 Posted: 28 Jun 2004 Last Revised: 16 Dec 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 143 (347,380)
Citation 13

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16.

Wage Structure, Raises and Mobility: International Comparisons of the Structure of Wages within and Across Firms

Downloads 132 (369,649)
Citation 11

Wage Structure, Raises and Mobility: International Comparisons of the Structure of Wages within and Across Firms

2008 Industry Studies Conference Paper
Number of pages: 64 Posted: 24 Jul 2008
Edward P. Lazear and Kathryn L. Shaw
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 78 (534,487)
Citation 1

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Wage Structure, Raises and Mobility: International Comparisons of the Structure of Wages within and Across Firms

NBER Working Paper No. w13654
Number of pages: 64 Posted: 03 Dec 2007 Last Revised: 24 Apr 2022
Edward P. Lazear and Kathryn L. Shaw
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 54 (651,444)
Citation 1

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17.

What Causes Labor Turnover to Vary?

NBER Working Paper No. w24873
Number of pages: 43 Posted: 01 Aug 2018 Last Revised: 19 Jun 2022
Edward P. Lazear and Kristin McCue
Stanford Graduate School of Business and Government of the United States of America - Bureau of the Census
Downloads 129 (376,117)

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18.

Culture and Language

NBER Working Paper No. w5249
Number of pages: 49 Posted: 04 Aug 2000 Last Revised: 06 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 125 (385,263)
Citation 47

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19.

Hires and Separations in Equilibrium

Downloads 112 (417,573)

Hires and Separations in Equilibrium

US Census Bureau Center for Economic Studies Paper No. CES-WP-16-57, Stanford University Graduate School of Business Research Paper No. 17-5
Number of pages: 50 Posted: 13 Dec 2016
Edward P. Lazear and Kristin McCue
Stanford Graduate School of Business and Government of the United States of America - Bureau of the Census
Downloads 58 (629,010)

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Hires and Separations in Equilibrium

NBER Working Paper No. w23059
Number of pages: 54 Posted: 23 Jan 2017 Last Revised: 05 Jul 2023
Edward P. Lazear and Kristin McCue
Stanford Graduate School of Business and Government of the United States of America - Bureau of the Census
Downloads 54 (651,444)

Abstract:

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20.

Incentive Contracts

NBER Working Paper No. w1917
Number of pages: 19 Posted: 20 Aug 2000 Last Revised: 29 Sep 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 111 (420,365)
Citation 1

Abstract:

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21.

Sorting, Prices, and Social Preferences

NBER Working Paper No. w12041
Number of pages: 56 Posted: 04 May 2006 Last Revised: 27 Nov 2022
Edward P. Lazear, Roberto A. Weber and Ulrike Malmendier
Stanford Graduate School of Business, University of Zurich - Department of Economics and University of California, Berkeley - Department of Economics
Downloads 109 (425,936)

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22.

The Peter Principle: Promotions and Declining Productivity

NBER Working Paper No. w8094
Number of pages: 30 Posted: 26 Jan 2001 Last Revised: 13 Feb 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 109 (425,936)

Abstract:

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23.

Personnel Economics: Past Lessons and Future Directions

NBER Working Paper No. w6957
Number of pages: 63 Posted: 05 Jul 1999 Last Revised: 07 Jul 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 108 (428,779)
Citation 2

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24.

Demographics and Entrepreneurship

NBER Working Paper No. w20506
Number of pages: 74 Posted: 22 Sep 2014 Last Revised: 14 Jul 2023
James Liang, James Liang, Hui Wang and Edward P. Lazear
Peking University, Peking University, Peking University - Guanghua School of Management and Stanford Graduate School of Business
Downloads 107 (431,608)
Citation 18

Abstract:

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25.

Output-Based Pay: Incentives or Sorting?

NBER Working Paper No. w7419
Number of pages: 40 Posted: 30 Apr 2000 Last Revised: 10 Oct 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 105 (437,497)
Citation 2

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26.

Diversity and Immigration

NBER Working Paper No. w6535
Number of pages: 46 Posted: 11 Aug 2000 Last Revised: 11 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 104 (440,496)

Abstract:

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27.

Leadership: A Personnel Economics Approach

NBER Working Paper No. w15918
Number of pages: 35 Posted: 26 Apr 2010 Last Revised: 01 Jul 2023
Edward P. Lazear
Stanford Graduate School of Business
Downloads 99 (455,682)
Citation 3

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28.

An Economic Analysis of Works Councils

NBER Working Paper No. w4918
Number of pages: 42 Posted: 16 May 2000 Last Revised: 11 Dec 2022
Richard B. Freeman and Edward P. Lazear
National Bureau of Economic Research (NBER) and Stanford Graduate School of Business
Downloads 98 (458,840)
Citation 16

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29.

Education: Consumption or Production

NBER Working Paper No. w0104
Number of pages: 48 Posted: 12 Apr 2004 Last Revised: 16 Oct 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 97 (461,931)
Citation 8

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30.

Internal and External Labor Markets: A Personnel Economics Approach

NBER Working Paper No. w10192
Number of pages: 52 Posted: 13 Jan 2004 Last Revised: 07 Nov 2022
Edward P. Lazear and Paul Oyer
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 94 (471,498)
Citation 2

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31.

Hiring Risky Workers

NBER Working Paper No. w5334
Number of pages: 26 Posted: 05 Sep 2000 Last Revised: 31 Jul 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 94 (471,498)
Citation 2

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32.

The United States Labor Market: Status Quo or a New Normal?

Downloads 90 (484,688)
Citation 14

The United States Labor Market: Status Quo or a New Normal?

NBER Working Paper No. w18386
Number of pages: 53 Posted: 15 Sep 2012 Last Revised: 29 Mar 2023
Edward P. Lazear and James Spletzer
Stanford Graduate School of Business and United States Department of Labor
Downloads 46 (700,713)
Citation 2

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The United States Labor Market: Status Quo or a New Normal?

US Census Bureau Center for Economic Studies Paper No. CES-WP-12-28
Number of pages: 53 Posted: 22 Jan 2013
Edward P. Lazear and James Spletzer
Stanford Graduate School of Business and United States Department of Labor
Downloads 44 (714,197)

Abstract:

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33.

Tenure and Output

NBER Working Paper No. w13652
Number of pages: 33 Posted: 03 Dec 2007 Last Revised: 26 Oct 2022
Kathryn L. Shaw and Edward P. Lazear
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 89 (488,035)

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34.

Raids and Offermatching

NBER Working Paper No. w1419
Number of pages: 41 Posted: 28 Jun 2004 Last Revised: 19 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 86 (498,527)

Abstract:

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35.

Speeding, Tax Fraud, and Teaching to the Test

NBER Working Paper No. w10932
Number of pages: 47 Posted: 14 Dec 2004 Last Revised: 16 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 74 (544,628)
Citation 5

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36.

Relational Investing: The Worker's Perspective

NBER Working Paper No. w5436
Number of pages: 37 Posted: 12 Jul 2000 Last Revised: 10 Nov 2022
Edward P. Lazear and Richard B. Freeman
Stanford Graduate School of Business and National Bureau of Economic Research (NBER)
Downloads 68 (570,247)

Abstract:

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37.

Age, Experience and Wage Growth

NBER Working Paper No. w0051
Number of pages: 28 Posted: 08 Feb 2001 Last Revised: 24 Aug 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 66 (579,307)
Citation 2

Abstract:

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38.

Globalization and the Market for Teammates

NBER Working Paper No. w6579
Number of pages: 51 Posted: 01 Sep 2000 Last Revised: 25 Dec 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 65 (583,826)
Citation 3

Abstract:

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39.

Human Wealth and Human Capital

NBER Working Paper No. w0097
Number of pages: 23 Posted: 26 May 2004 Last Revised: 09 Oct 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 62 (597,835)

Abstract:

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40.

A Competitive Theory of Monopoly Unionism

NBER Working Paper No. w0672
Number of pages: 67 Posted: 09 Sep 2001 Last Revised: 04 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 60 (607,640)

Abstract:

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41.

Pensions as Severance Pay

NBER Working Paper No. w0944
Number of pages: 50 Posted: 25 Jun 2004 Last Revised: 01 Aug 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 59 (612,774)
Citation 2

Abstract:

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42.

The Excess Sensitivity of Layoffs and Quits to Demand

NBER Working Paper No. w0864
Number of pages: 53 Posted: 07 Jan 2008 Last Revised: 13 Nov 2022
Robert E. Hall and Edward P. Lazear
Hoover Institution and Department of Economics, Stanford University and Stanford Graduate School of Business
Downloads 58 (617,955)
Citation 6

Abstract:

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43.

Severance Pay, Pensions, and Efficient Mobility

NBER Working Paper No. w0854
Number of pages: 38 Posted: 13 Nov 2007 Last Revised: 03 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 58 (617,955)
Citation 2

Abstract:

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44.

Why are Some Immigrant Groups More Successful than Others?

NBER Working Paper No. w23548
Number of pages: 51 Posted: 26 Jun 2017 Last Revised: 06 May 2023
Edward P. Lazear
Stanford Graduate School of Business
Downloads 55 (633,589)
Citation 4

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45.

The Dominance of Retail Stores

NBER Working Paper No. w9795
Number of pages: 32 Posted: 23 Jun 2003 Last Revised: 10 Oct 2022
Alexandre Ziegler and Edward P. Lazear
University of Zurich - Department of Banking and Finance and Stanford Graduate School of Business
Downloads 54 (638,968)

Abstract:

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46.

Family Size and the Distribution of Per Capita Income

NBER Working Paper No. w0230
Number of pages: 18 Posted: 23 Apr 2004 Last Revised: 20 Aug 2022
Edward P. Lazear and Robert T. Michael
Stanford Graduate School of Business and University of Chicago
Downloads 53 (644,528)
Citation 1

Abstract:

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47.

Incentives in Basic Research

NBER Working Paper No. w5444
Number of pages: 47 Posted: 07 Sep 2000 Last Revised: 18 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 53 (644,528)
Citation 1

Abstract:

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48.

Adjusting to an Aging Labor Force

NBER Working Paper No. w2802
Number of pages: 42 Posted: 27 Apr 2000 Last Revised: 29 Aug 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 52 (650,091)
Citation 4

Abstract:

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49.

Incentives and Wage Rigidity

NBER Working Paper No. w1299
Number of pages: 14 Posted: 26 May 2004 Last Revised: 22 Jul 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 51 (655,716)

Abstract:

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50.

Why Do Inventories Rise When Demand Falls in Housing and Other Markets?

NBER Working Paper No. w15878
Number of pages: 43 Posted: 13 Apr 2010 Last Revised: 22 May 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 50 (661,285)
Citation 2

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51.

Incentive Effects of Pensions

NBER Working Paper No. w1126
Number of pages: 45 Posted: 26 May 2004 Last Revised: 30 Jan 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 50 (661,285)
Citation 2

Abstract:

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52.

Intergenerational Externalities

NBER Working Paper No. w0145
Number of pages: 40 Posted: 28 May 2004 Last Revised: 26 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 47 (678,977)
Citation 1

Abstract:

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53.

Hiring, Churn and the Business Cycle

NBER Working Paper No. w17910
Number of pages: 12 Posted: 10 Mar 2012 Last Revised: 10 Jun 2023
Edward P. Lazear and James Spletzer
Stanford Graduate School of Business and United States Department of Labor
Downloads 45 (691,364)
Citation 16

Abstract:

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54.

Pension Inequality

NBER Working Paper No. w1477
Number of pages: 29 Posted: 22 Jun 2004 Last Revised: 17 Jul 2022
Edward P. Lazear and Sherwin Rosen
Stanford Graduate School of Business and University of Chicago (Deceased)
Downloads 43 (703,921)
Citation 2

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55.

Schooling as a Wage Depressant

NBER Working Paper No. w0092
Number of pages: 27 Posted: 29 Jun 2004
Edward P. Lazear
Stanford Graduate School of Business
Downloads 42 (710,568)

Abstract:

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56.

Wage Differentials are Larger than You Think

NBER Working Paper No. w0168
Number of pages: 30 Posted: 15 Feb 2001 Last Revised: 19 Jun 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 41 (717,378)

Abstract:

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57.

Family Background and Optimal Schooling Decision

NBER Working Paper No. w0141
Number of pages: 10 Posted: 23 Apr 2004 Last Revised: 21 Nov 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 39 (731,050)
Citation 3

Abstract:

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58.

Overconfidence and Occupational Choice

NBER Working Paper No. w21921
Number of pages: 39 Posted: 25 Jan 2016 Last Revised: 26 May 2023
Edward P. Lazear
Stanford Graduate School of Business
Downloads 38 (738,071)

Abstract:

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59.

Raids and Imitation

NBER Working Paper No. w1158
Number of pages: 53 Posted: 28 Jun 2004 Last Revised: 02 Sep 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 37 (745,111)

Abstract:

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60.

Social Security and Pensions

NBER Working Paper No. w1322
Number of pages: 49 Posted: 06 Mar 2007 Last Revised: 14 Aug 2022
Edward P. Lazear
Stanford Graduate School of Business
Downloads 36 (752,245)

Abstract:

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61.

Who Gets Hired? The Importance of Finding an Open Slot

NBER Working Paper No. w22202
Number of pages: 46 Posted: 02 May 2016 Last Revised: 02 Mar 2023
Edward P. Lazear, Kathryn L. Shaw and Christopher Stanton
Stanford Graduate School of Business, Stanford Graduate School of Business and Harvard University - Business School (HBS)
Downloads 33 (774,615)
Citation 2

Abstract:

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62.

The Impatient Salesperson and the Delegation of Pricing Authority

NBER Working Paper No. w20529
Number of pages: 34 Posted: 30 Sep 2014 Last Revised: 04 Feb 2023
Edward P. Lazear
Stanford Graduate School of Business
Downloads 21 (875,829)

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