Do Homeowners Have More Social Capital? A Quantitative Approach
Behind the support for homeownership in many countries, there is widespread belief that homeownership creates better citizens. Recognising that homeownership is a more time-intensive form of tenancy than renting, but also that the valuation of some forms of social capital is complementary to the residential property value, we hypothesise that ownership will reduce engagement in some forms of social interactions and increase it in others. Using a survey data set of Danish households we test this hypothesis. The results indicate that homeowners tend to be selective in their investments in social capital.