This paper proposes a model of productivity and wages in the Durham coal industry during 1882-1914. The model predicts a negative relationship between wages and productivity which derives from the industry's production function and wage-setting arrangements and does not require or imply a...

The relationship between taxation, savings and growth is a complex one, which economists to date have only partially been able to explain. The following paper reviews empirical evidence on differences in tax systems and their operation between developed and less developed countries and the role...