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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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