
Kevin Murphy discussed the economic value of improvements in health and longevity based on his research with Professor Robert Topel. Murphy and Topel find that gains in longevity add as much to welfare for U.S. citizens as do improvements in material wealth. Professor Murphy also discussed some of the important policy implications of this research.
The GSB Charles M. Harper Center
Room 104
Lunch will be provided.
Kevin Murphy
George J. Stigler Distinguished Service Professor of Economics
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Kevin Murphy is the George J. Stigler Distinguished Service Professor of Economics in the Department of Economics, the Graduate School of Business, and the Law School at The University of Chicago, where he studies inequality, unemployment, and relative wages; economics of growth and development, addiction, and the economic value of improvements in health and longevity.
Professor Murphy received a BA in economics from the University of California at Los Angeles in 1981, and his PhD in economics from the University of Chicago in 1986. He has been a member of the Chicago faculty since 1983.
In 2005, he was the first professor at a business school to be chosen as a MacArthur Fellow. Professor Murphy was selected for “revealing economic forces shaping vital social phenomena such as wage inequality, unemployment, addiction, medical research, and economic growth.”
Professor Murphy is the recipient of numerous other awards and fellowships, including a Sloan Foundation Fellowship and an Earhart Foundation Fellowship. He is a Fellow of the Econometric Society, a Faculty Research Fellow at the National Bureau of Economic Research, and a member of the American Academy of Arts & Sciences.
He is the recipient of the 1997 John Bates Clark Medal of the American Economic Association as the most outstanding American economist under the age of forty.