Bulletin n. 1/2007 | ||
June 2007 | ||
Kan Kamhon |
||
Residential mobility and social capital | ||
in Journal of Urban Economics , Volume 61, Issue 3 , 2007 , 436-457 | ||
This paper empirically investigates the role of social capital in households' residential mobility behavior by considering its spatial dimension. This study focuses on a household's social ties with people living nearby, which we refer to as its “local social capital.” Local social capital may deter residential mobility, because the resources stemming from them are location-specific and will be less valuable if a household moves. We conjecture that a household's possession of local social capital has a negative effect on its residential mobility, and this negative effect of local social capital may be stronger on long-distance mobility than on short-distance mobility. Our empirical investigation is based on data from the Panel Study of Income Dynamics. We obtain evidence which is supportive of these conjectures. | ||