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Homeownership and investment for social capital in Japan: Dynamic Panel approach

Author

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  • Eiji Yamamura

    (Seinan Gakuin University)

Abstract

This paper explores how the rate of home-ownership is related to the formation of social capital using panel data from Japan during the period 1986-2006. 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).

Suggested Citation

  • Eiji Yamamura, 2011. "Homeownership and investment for social capital in Japan: Dynamic Panel approach," Economics Bulletin, AccessEcon, vol. 31(3), pages 2250-2259.
    • Handle: RePEc:ebl:ecbull:eb-10-00804
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    References listed on IDEAS

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    More about this item

    Keywords

    Social Capital; home-ownership; length of residency.;
    All these keywords.

    JEL classification:

    • Z1 - Other Special Topics - - Cultural Economics
    • R2 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis

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