Morley is a professor at the Centre for Industrial Relations and Human Resources, and Department of Economics at the University of Toronto. He is also the CIBC Chair in Youth Employment.
The University of Toronto established the Morley Gunderson Prize in 1997 as a tribute to Morley Gunderson's 10 years as Director of the Centre for Industrial Relations and Human Resources.
In 2008 Professor Gunderson was inducted as a Fellow of the Royal Society of Canada for his work as an internationally recognized scholar whose research, institution building and teaching has been pioneering in transforming the field of Industrial Relations in Canada from one that was formerly descriptive and institutional to one that uses rigorous quantitative and analytical techniques.