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Corporate Consumption: A Postscript

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Author Info
MICHAEL SUMNER

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Abstract

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. Copyright © 2008 The Author.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9957.2007.01056.x
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Publisher Info
Article provided by University of Manchester in its journal Manchester School.

Volume (Year): 76 (2008)
Issue (Month): 2 (03)
Pages: 196-203
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Handle: RePEc:bla:manchs:v:76:y:2008:i:2:p:196-203

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=1463-6786

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This page was last updated on 2009-11-22.

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