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

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  • Yamamura, Eiji

Abstract

This paper explores how the rate of home-ownership and income inequality are 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

  • Yamamura, Eiji, 2010. "Homeownership and investment for social capital in Japan: Dynamic Panel approach," MPRA Paper 26182, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:26182
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    1. David, Quentin & Janiak, Alexandre & Wasmer, Etienne, 2010. "Local social capital and geographical mobility," Journal of Urban Economics, Elsevier, vol. 68(2), pages 191-204, September.
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    More about this item

    Keywords

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

    JEL classification:

    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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