Kevin Miles Murphy (born 1958) is the George J. Stigler Distinguished Service Professor of Economics at the

University of Chicago Booth School of Business The University of Chicago Booth School of Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 N ...

and a Senior Fellow at the

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. In 1997 Murphy was awarded the prestigious

John Bates Clark Medal The John Bates Clark Medal is awarded by the American Economic Association to "that American economist under the age of forty who is adjudged to have made a significant contribution to economic thought and knowledge." The award is named after the ...

by the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...

, 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 The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel ( sv, Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne), is an economics award administered ...

). Murphy was cited for his study of the causes of growing income inequality between white-collar and

blue-collar worker A blue-collar worker is a working class person who performs manual labor. Blue-collar work may involve skilled or unskilled labor. The type of work may involving manufacturing, warehousing, mining, excavation, electricity generation and powe ...

s 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.Chicago GSB Magazine: Winter 2007
On September 20, 2005, he was named as one of the 2005 recipients of the

MacArthur Fellowship The MacArthur Fellows Program, also known as the MacArthur Fellowship and commonly but unofficially known as the "Genius Grant", is a prize awarded annually by the John D. and Catherine T. MacArthur Foundation typically to between 20 and 30 indi ...

, often referred to as the "genius grant." ''Education'': B.A. (economics, ''

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''),

University of California, Los Angeles The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a teachers college then known as the southern branch of the Californ ...

, 1981; PhD,

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

, 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.

References

External links

University of Chicago press release announcing John Bates Clark Medal

*
MacArthur Fellowship biography page

Profile in The University of Chicago Magazine, Nov 2006
Labor economists 20th-century American economists 21st-century American economists MacArthur Fellows Fellows of the Econometric Society Living people University of California, Los Angeles alumni University of Chicago alumni University of Chicago faculty 1958 births Member of the Mont Pelerin Society {{US-economist-stub