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Dear Econcurious: I am sorry to hear that your friend is not having fun here at Chicago. Please let this person know that s/he can always come and talk to me about research or their other issues.
On to placements. I would be shocked if your statement "the quality of academic placements from UChicago is not that good, barely comparable to top 10-15 schools" is correct. I have summarized our statistics very clearly in my post--with data from 1994-present to back those facts.
If you truly believe that the top 10-15 schools are placing 28% of their academic placements in top 20 schools, then you should write a paper about the large number of missing professors in the top 20 schools. Maybe the JPE would even be interested in publishing this work (see Oster's recent JPE work on missing children for a paper to cite in your introduction).
In sum, if you are going to make such claims, then I hope that you can move beyond anecdotes and stories and send the group your data. Everything that I have looked at would suggest that you are wrong (and it is not easy to figure out other school's placement rates, but I have tried).
Of course, my mind can be changed with data--maybe I am wrong. I look forward to receiving the data behind which you are making your inference.
Best,
John
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