School choice can segregate schools by academic ability, income or ethnicity, but is this because of households' choices, or constraints in access to good schools? We examine whether segregation is by choice, finding that households' school choices are segregating in most areas. Through counterfactual simulation, we find that implementing a policy…

We contribute to the higher education returns discourse by examining perceptions among college graduates. Using 2021 U.S. Survey of Household Economics of Decisionmaking data, we observe that over 80% of degree holders perceive that they received positive financial returns from college, while only 7% of college degree holders regret their decision…