Kevin Murphy (Economist)

Kevin Murphy is an influential American economist known for his contributions to labor economics and economic theory. He emphasizes the relationship between education and earnings, investigating how skills and human capital impact economic growth. Alongside fellow economists Gary Becker and Thomas C. Liu, Murphy has explored topics such as the role of incentives in education and the effects of technological change on labor markets. He was awarded the Nobel Prize in Economic Sciences in 1997 for his work, particularly focusing on how information and incentives affect decision-making in economic behavior.