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

Eiji Yamamura ()

Economics Bulletin, 2011, vol. 31, issue 3, 2250-2259

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).

Keywords: Social Capital; home-ownership; length of residency. (search for similar items in EconPapers)
JEL-codes: R2 Z1 (search for similar items in EconPapers)
Date: 2011-08-09
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Related works:
Working Paper: Homeownership and investment for social capital in Japan: Dynamic Panel approach (2010)
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