Munich Personal RePEc Archive

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

Yamamura, Eiji (2010): Homeownership and investment for social capital in Japan: Dynamic Panel approach.

[img]
Preview
PDF
MPRA_paper_26182.pdf

Download (170kB) | Preview

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).

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.