This paper develops a comprehensive framework for the quantitative analysis of the private and fiscal returns to schooling and of the effect of public policies on private incentives to invest in education. This framework is applied to 14 member states of the European Union. For each of these...

This article analyses the redistributive effects of the EU budget during the period 1986-98, explores the implications of the Berlin budget agreement, and advances a proposal for setting member countries' budgetary balances in a manner that is consistent with a simple equity criterion based on...

Conflict among member states regarding the distribution of net financial burdens has been allowed to contaminate the entire design of the EU budget with very negative consequences in terms of equity, efficiency and transparency. To get around this problem and pave the way for a substantive...