Hilber, Christian A. L. (2010) New housing supply and the dilution of social capital. SERC Discussion Papers, SERCDP0042. Spatial Economics Research Centre, London School of Economics and Political Science, London, UK.Full text not available from this repository.
This paper examines the role of local housing supply conditions for social capital investment. Using an instrumental variables approach and data from the Social Capital Community Benchmark Survey, it is documented that the positive link between homeownership and individual social capital investment is largely confined to more built-up neighborhoods (with more inelastic supply of new housing). The empirical findings provide support for the proposition that in these localities house price capitalization provides additional incentives for homeowners to invest in social capital. The findings are also largely consistent with the proposition that built-up neighborhoods provide protection from inflows of newcomers that could upset a mutually beneficial equilibrium involving reciprocal cooperation. However, the results do not appear to be driven by selection based on inherent differences in social aptitudes or by Tiebout sorting.
|Item Type:||Monograph (Discussion Paper)|
|Additional Information:||© 2010 The Authors|
|Library of Congress subject classification:||H Social Sciences > HC Economic History and Conditions
H Social Sciences > HN Social history and conditions. Social problems. Social reform
|Journal of Economic Literature Classification System:||D - Microeconomics > D7 - Analysis of Collective Decision-Making > D71 - Social Choice; Clubs; Committees; Associations
R - Urban, Rural, and Regional Economics > R2 - Household Analysis > R21 - Housing Demand
R - Urban, Rural, and Regional Economics > R3 - Production Analysis and Firm Location > R31 - Housing Supply and Markets
|Sets:||Departments > Geography and Environment
Research centres and groups > Spatial Economics Research Centre
Collections > Economists Online
|Date Deposited:||27 Jan 2011 12:50|
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