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Corporate consumption: A Postscript

journal contribution
posted on 2023-06-08, 00:58 authored by Michael Sumner
Corporate retentions have a well-determined effect on consumers' expenditure, which cannot be explained by an impact of retentions on capital gains and thence on household wealth; on the contrary, increases in retentions are associated with subsequent capital losses. The timing of the relationship between retained profits and expenditure is consistent with direct corporate purchases of on-the-job consumption.

History

Publication status

  • Published

Journal

Manchester School

ISSN

1467-9957

Publisher

Blackwell Publishing

Issue

2

Volume

76

Page range

196-203

Pages

8.0

Department affiliated with

  • Economics Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2012-02-06

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    University of Sussex (Publications)

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