Kevin M. Murphy’s research focuses on the empirical analysis of inequality, unemployment, and relative wages; the economics of growth and development; and the economic value of improvements in health and longevity. More than sixty of Murphy’s research papers have been published in academic journals, including the Journal of Law and Economics, the Journal of Political Economy and American Economic Review.
Along with Robert Topel, Murphy is the coeditor of Measuring the Gains from Medical Research: An Economic Approach. He coauthored Social Economics: Market Behavior in a Social Environment, with the late Gary Becker. He is also a faculty research associate with the National Bureau of Economic Research.
Murphy was named a MacArthur Fellow in 2005 by the John D. and Catherine T. MacArthur Foundation, making him the first professor at a business school to be chosen as a MacArthur Fellow since the award was started in 1981. In 1997, Murphy received the John Bates Clark Medal from the American Economic Association.