Since land accounts for more than 23 percent of the wealth in the United States, information concerning who ultimately makes decisions about how the resource is used and claims returns or benefits from the resource assumes great importance. Land ownership effects land use decisions, including all activities on the land, and influences the distribution of wealth, income, and other measures of well-being. Additional knowledge of who owns the land and his attitudes, goals, and objectives of ownership is needed to analyze the effectiveness of existing policies and to develop new policies for application in guiding the development and use of the land resource.
Read full abstract