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		| Eiji  Yamamura | 
	
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		| ''Homeownership and investment for social capital in Japan: Dynamic Panel approach.'' | 
	
		| ( 2011, Vol. 31 No.3 ) | 
	
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		| 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 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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		| Keywords: Social Capital,  home-ownership,  length of residency. | 
	
		| JEL: Z1 - Cultural Economics; Economic Sociology; Economic Anthropology: General R2 - Urban, Rural, and Regional Economics: Household Analysis: General
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		| | Manuscript Received : Dec 23 2010 |  | Manuscript Accepted : Aug 09 2011 | 
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