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기업 소득의 환류와 가계 소비에 관한 연구

Author
권세훈, 주상영, 한상범
Journal Title
경제발전연구
Publication Year
2019
Summary

This study analyzes the impact of corporate dividends and share repurchases on household consumption. The results show that the marginal propensity to consumption of dividend income is higher than that of income from selling securities, which proxies for share repurchases. This suggests the importance of corporate profits flowing back into the overall economy through dividends as well as investment from an income circulation perspective.

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