Abstract
Edward P. Lazear (1948-2020) is one of the most influential economists in the field of applied Labour Economics in modern time. He founded Personnel Economics, which applies an economic approach to Human Resources. His work linked traditional Labour Economics with the empirical analysis of behaviour in organizations (mostly private enterprises) and labour markets. He revolutionized thinking about Human Resources and integrated this field into economic analysis. His views stand in the tradition of the Chicago School of Economics. Besides his scientific work, Lazear was an influential political adviser. In this survey, we provide a short overview of some of his pathbreaking contributions. These include mandatory retirement, rank-order tournaments, incentive structures, and compensation schemes.
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