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

Eiji Yamamura ()

MPRA Paper from University Library of Munich, Germany

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).

Keywords: Social Capital; home-ownership; length of residency (search for similar items in EconPapers)
JEL-codes: D71 R11 R23 (search for similar items in EconPapers)
Date: 2010-10-10
New Economics Papers: this item is included in nep-soc
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Related works:
Journal Article: Homeownership and investment for social capital in Japan: Dynamic Panel approach (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26182

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