. At the village level, a land market does not influence the poverty outcome of the reform but reduces its inequality …

The 13th century witnessed a substantial increase in inequality in the distribution of peasant landholdings relative to … related. Recent theoretical work in development economics has explored the relationship between inequality and asset markets …. When agents are able to trade productive assets to manage risk, the resulting dynamics may generate increasing inequality …

and may reduce poverty. However, we also note that this increase is associated with increased measures of inequality, and …