Corporate consumption: A Postscript

Sumner, Michael (2008) Corporate consumption: A Postscript. Manchester School, 76 (2). pp. 196-203. ISSN 1467-9957

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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.

Item Type: Article
Schools and Departments: University of Sussex Business School > Economics
Depositing User: Michael Sumner
Date Deposited: 06 Feb 2012 20:01
Last Modified: 04 Jul 2012 14:25
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