Advanced Search
MyIDEAS: Login

Land Markets and Inequality: Evidence from Medieval England

Contents:

Author Info

Registered author(s):

    Abstract

    The 13th century witnessed a substantial increase in inequality in the distribution of peasant landholdings relative to the distribution of the late 11th century. Innovations in property rights over land in 12th century England induced peasants to include the trading of small parcels of land as part of their risk coping strategy. We argue that these events are 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 over time. We employ a simulation strategy to analyze the impact of land markets in generating inequality in 13th century landholdings. We find that the dominant factor contributing to the unequal distribution of land was the interaction between emerging land markets and population growth driven by high fertility rates in households with large landholdings.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.sfu.ca/econ-research/RePEc/sfu/sfudps/dp12-14.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Department of Economics, Simon Fraser University in its series Discussion Papers with number dp12-14.

    as in new window
    Length: 27
    Date of creation: May 2012
    Date of revision:
    Handle: RePEc:sfu:sfudps:dp12-14

    Contact details of provider:
    Postal: Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
    Phone: (778)782-3508
    Fax: (778)782-5944
    Web page: http://www.sfu.ca/economics.html
    More information through EDIRC

    Order Information:
    Postal: Working Paper Coordinator, Department of Economics, Simon Fraser University, 8888 University Drive, Burnaby, BC, V5A 1S6, Canada
    Email:
    Web: http://www.sfu.ca/economics/research/publications.html

    Related research

    Keywords: Economic History; Land Market; Hundred Rolls; Domesday; inequality; risk; poverty; asset markets; simulation analysis; economic development;

    Find related papers by JEL classification:

    This paper has been announced in the following NEP Reports:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Zimmerman, Frederick J. & Carter, Michael R., 2003. "Asset smoothing, consumption smoothing and the reproduction of inequality under risk and subsistence constraints," Journal of Development Economics, Elsevier, vol. 71(2), pages 233-260, August.
    2. DE LA CROIX, David & DOEPKE, Matthias, . "Inequality and growth: why differential fertility matters," CORE Discussion Papers RP -1676, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    3. Baland, Jean-Marie & Gaspart, Frederic & Platteau, Jean-Philippe & Place, Frank, 2007. "The Distributive Impact of Land Markets in Uganda," Economic Development and Cultural Change, University of Chicago Press, vol. 55(2), pages 283-311, January.
    4. Galor, Oded & Zeira, Joseph, 1988. "Income Distribution and Macroeconomics," MPRA Paper 51644, University Library of Munich, Germany, revised 01 Sep 1989.
    5. Nathan Sussman, 2006. "Income Inequality in Paris in the Heyday of the Commercial Revolution," DEGIT Conference Papers c011_043, DEGIT, Dynamics, Economic Growth, and International Trade.
    6. Fenoaltea, Stefano, 1975. "Authority, Efficiency, and Agricultural Organization in Medieval England and Beyond: A Hypothesis," The Journal of Economic History, Cambridge University Press, vol. 35(04), pages 693-718, December.
    7. Botticini, Maristella, 1999. "A Loveless Economy? Intergenerational Altruism and the Marriage Market in a Tuscan Town, 1415–1436," The Journal of Economic History, Cambridge University Press, vol. 59(01), pages 104-121, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:sfu:sfudps:dp12-14. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Working Paper Coordinator).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.