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

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