A fluorescent lamp including the four rare earth phosphor system provided herein exhibits high color rendering index (CRI), of at least 87, while simultaneously achieving high lumen output, or lumens per watt (LPW), of at least 80. The phosphor coating may be disposed in a one or two layer coating format. The four rare earth phosphor system includes a red emitting phosphor, a green emitting phosphor, a blue emitting phosphor, and a blue-green emitting phosphor, all four phosphors being rare earth-doped phosphor compositions.