Homeownership and investment for social capital in Japan: Dynamic Panel approach
AbstractThis paper explores how the rate of home-ownership is related to the formation of social capital using panel data from Japan during the period 19862006. I have used Dynamic Panel estimation to control unobserved prefecture-specific fixed effects and an endogeneity bias. I have found through this estimation that the rate of home-ownership enhances the participation in voluntary activities, leading to social capital accumulation. This is in accord with findings from the United States (DiPasquale and Glaeser, 1999).
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 31 (2011)
Issue (Month): 3 ()
Contact details of provider:
Social Capital; home-ownership; length of residency.;
Other versions of this item:
- Yamamura, Eiji, 2010. "Homeownership and investment for social capital in Japan: Dynamic Panel approach," MPRA Paper 26182, University Library of Munich, Germany.
- Z1 - Other Special Topics - - Cultural Economics
- R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis
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