Kevin M. Murphy

For other people named Kevin Murphy, see Kevin Murphy (disambiguation).

Kevin M. Murphy
File:Murphy kevin download 1.jpg
Born	1958 (age 65–66)
Nationality	United States
Institution	University of Chicago
Field	Social economics
School or tradition	Chicago School of Economics
Alma mater	University of Chicago UCLA
Influences	Gary Becker
Awards	John Bates Clark Medal (1997) MacArthur Fellows Program (2005) John von Neumann Award (2008)
Information at IDEAS / RePEc

Kevin Miles Murphy (born 1958) is the George J. Stigler Distinguished Service Professor of Economics at the University of Chicago Booth School of Business and a Senior Fellow at the Hoover Institution.

In 1997 Murphy was awarded the prestigious John Bates Clark Medal by the American Economic Association, given once every two years to the most outstanding American economist under the age of forty, and widely considered to be the second most prestigious prize in economics (after the Nobel Prize in Economics). Murphy was cited for his study of the causes of growing income inequality between white-collar and blue-collar workers in the United States and his research linking the growth in income inequality to growth in the demand for skilled labor. His other research has covered such topics as economic growth, income inequality, valuing medical research, rational addiction, and unemployment.

Murphy has authored over 50 published articles on a variety of topics including a cost–benefit analysis of the war in Iraq.

On September 20, 2005, he was named as one of the 2005 recipients of the MacArthur Fellowship, often referred to as the "genius grant."

Education: B.A. (economics, Phi Beta Kappa), University of California, Los Angeles, 1981; PhD, University of Chicago, 1986 (thesis: Specialization and Human Capital).

Major works

• Measuring the Gains from Medical Research: An Economic Approach (edited volume with Robert H. Topel) University of Chicago Press, 2003.
• Social Economics: Market Behavior in a Social Environment (with Gary S. Becker). Cambridge, MA : Harvard University Press (The Belknap Press), 2000.

External links

• University of Chicago press release announcing John Bates Clark Medal
• Selected bibliography of articles by Kevin M. Murphy
• Appearances on C-SPAN
• MacArthur Fellowship biography page
• Profile in The University of Chicago Magazine, Nov 2006