NBER researchers head to DC.

• Position: National Bureau of Economic Research - Brief article

Edward P. Lazear, an NBER Rcscarch Associate in the Labor Studies, Aging, and Education Programs who has been affiliated with the NBER since 1978, is the new Chairman of the President's Council of Economic Advisers. As such, he succeeds several NBER Research Associates who have held that position: Martin Feldstein, Michael Boskin, Joseph Stiglitz, R. Glenn Hubbard, N. Gregory Mankiw, and Ben S. Bernanke.

Lazear is a Professor of Economics at Stanford University's Graduate School of Business and a Senior Fellow at the Hoover Institution. The other two current members of the President's Council of Economic Advisers are also former NBER researchers: Matthew Slaughter and Katharine Baicker.

In a related development, Randall S. Kroszner is a new member of the Federal Reserve Board of Governors. A...