key,authors,year,title,journal,doi_url,model,method,findings,limitations,relevance_to_wp18,overlap,verified_via
kiyotaki1997credit,"Kiyotaki, Nobuhiro and Moore, John",1997,Credit Cycles,Journal of Political Economy,https://doi.org/10.1086/262072,Dynamic GE with durable collateral (land) and credit-constrained entrepreneurs,Analytical theory,Collateral constraints create a two-way feedback between asset prices and borrowing capacity that amplifies and propagates shocks,"No households, no housing tenure, no nominal debt, no inequality",Foundational amplification mechanism behind leverage feedback in contribution (i),Mechanism only; WP18 applies it to owner-renter wealth distribution,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
iacoviello2005house,"Iacoviello, Matteo",2005,"House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle",American Economic Review,https://doi.org/10.1257/0002828054201477,New Keynesian DSGE with housing collateral constraints and nominal debt (patient/impatient households),"Estimated DSGE, impulse responses",Nominal debt plus collateral constraints amplify demand shocks; debt deflation transfers from borrowers to lenders dampens responses to inflation shocks,"Representative patient/impatient agents, no tenure choice, no wealth distribution",Canonical nominal-debt + collateral channel; WP18 keeps the Fisher effect but in a heterogeneous OLG setting,Mechanism shared; no intergenerational or distributional analysis,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
kaplan2020housing,"Kaplan, Greg and Mitman, Kurt and Violante, Giovanni L.",2020,The Housing Boom and Bust: Model Meets Evidence,Journal of Political Economy,https://doi.org/10.1086/708816,"Quantitative life-cycle heterogeneous-household GE with rental market, long-term mortgages, tenure choice","Calibrated GE simulation of aggregate shocks (income, credit, beliefs)","Belief shifts drive prices and rents; credit conditions move homeownership, leverage and foreclosures but not prices; rental market and long-term mortgages alleviate constraints","Focus on boom-bust and consumption; no inheritance heterogeneity, no inflation experiments, no Canada","Closest quantitative framework to WP18 (tenure, rental sector, long-term mortgages); shows credit relaxation changes ownership but not prices under elastic rental supply","High on model structure; WP18 differs by bequest heterogeneity, surprise inflation and supply elasticity comparative statics",Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
garriga2017mortgages,"Garriga, Carlos and Kydland, Finn E. and vSustek, Roman",2017,Mortgages and Monetary Policy,Review of Financial Studies,https://doi.org/10.1093/rfs/hhx043,"GE with long-term nominal mortgages (FRM vs ARM), incomplete markets, homeowner-borrowers and lenders","Calibrated GE, monetary policy experiments",Monetary policy transmits through new-mortgage pricing and the real burden of existing nominal debt; persistent inflation benefits FRM borrowers over time but hurts ARM borrowers immediately; effects stronger under ARM,"Two-agent structure; no tenure choice, no bequests, no wealth distribution",Direct precedent for contribution (iii): FRM versus ARM under inflation in GE,"High on the inflation-contract mechanism; WP18 adds renters, ownership entry and intergenerational persistence",Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
guren2021mortgage,"Guren, Adam M. and Krishnamurthy, Arvind and McQuade, Timothy J.",2021,Mortgage Design in an Equilibrium Model of the Housing Market,Journal of Finance,https://doi.org/10.1111/jofi.12963,Quantitative equilibrium life-cycle model with mortgage design choices,Calibrated simulation,Countercyclical-payment mortgages (FRM with ARM conversion option) reduce default and price declines several-fold relative to standard FRM,"Focus on macro stabilisation, not inequality; no inflation surprises",Mortgage-contract design dimension of contribution (iv),Low-medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
campbell2003household,"Campbell, John Y. and Cocco, Jo~ao F.",2003,Household Risk Management and Optimal Mortgage Choice,Quarterly Journal of Economics,https://doi.org/10.1162/003355303322552847,Life-cycle partial-equilibrium model of FRM vs ARM choice with inflation and income risk,Numerical dynamic programming,"Nominal FRM carries wealth risk from inflation; ARM carries income risk; choice depends on risk aversion, mobility, income risk",Partial equilibrium; no housing price feedback or inequality,Household-level logic of FRM inflation risk used in WP18 owner problem,Low,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
campbell2021structuring,"Campbell, John Y. and Clara, Nuno and Cocco, Jo~ao F.",2021,Structuring Mortgages for Macroeconomic Stability,Journal of Finance,https://doi.org/10.1111/jofi.13056,OLG borrowers + infinitely lived risk-averse lender; equilibrium mortgage pricing,Calibrated equilibrium,ARM with recession interest-only/extension option stabilises consumption and raises welfare at low cost to lender,"No tenure choice, no bequests, lender is representative","Shows how lender wealth and contract pricing respond in equilibrium, a feature CLAUDE.md requires WP18 to track",Low-medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
mian2011house,"Mian, Atif and Sufi, Amir",2011,"House Prices, Home Equity-Based Borrowing, and the US Household Leverage Crisis",American Economic Review,https://doi.org/10.1257/aer.101.5.2132,Empirical,"Individual credit data, supply-elasticity instrument (Saiz)","Existing homeowners borrowed 25--30 cents per dollar of house price gain; borrowing concentrated among low-credit-score, high-utilisation households",US 2002--2006 only; no model,Evidence on the collateral channel and its heterogeneity; supply elasticity as instrument links to contribution (iv),None (empirical),"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
favilukis2017macroeconomic,"Favilukis, Jack and Ludvigson, Sydney C. and Van Nieuwerburgh, Stijn",2017,"The Macroeconomic Effects of Housing Wealth, Housing Finance, and Limited Risk Sharing in General Equilibrium",Journal of Political Economy,https://doi.org/10.1086/689606,"OLG GE with aggregate and idiosyncratic risk, collateral constraints, heterogeneous bequest motives, endogenous interest rates and housing returns",Calibrated GE with aggregate risk,"Financial liberalisation produces a house price boom through a lower housing risk premium, not lower interest rates; realistic wealth distribution via bequest heterogeneity",No rental sector or tenure choice in the baseline; no nominal debt or inflation,Methodological benchmark for OLG GE with bequests and collateral; shows price feedback from credit through risk premia,Medium on contribution (i) (bequest heterogeneity + collateral + price feedback); no ownership threshold analysis,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
kiyotaki2011winners,"Kiyotaki, Nobuhiro and Michaelides, Alexander and Nikolov, Kalin",2011,Winners and Losers in Housing Markets,"Journal of Money, Credit and Banking",https://doi.org/10.1111/j.1538-4616.2011.00374.x,"Life-cycle GE production economy with land and capital in real estate, owners and renters",Calibrated GE,"When the land share in house value is large, prices react strongly to productivity/interest shocks, redistributing between net buyers (young) and net sellers (old); financing constraints have limited price effects","No bequests, no nominal debt or inflation, no intergenerational persistence",Key precedent for contribution (iv): land scarcity governs price sensitivity and intergenerational redistribution,High on supply-scarcity/redistribution link; WP18 adds mortgage-contract and inheritance channels,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
piazzesi2016housing,"Piazzesi, Monika and Schneider, Martin",2016,Housing and Macroeconomics,Handbook of Macroeconomics,https://doi.org/10.1016/bs.hesmac.2016.06.003,Survey,Survey,"Organises facts and models on housing, collateral, tenure, and macro transmission",Survey,Reference frame for section 4 of WP18,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
greenwald2025do,"Greenwald, Daniel L. and Guren, Adam",2025,Do Credit Conditions Move House Prices?,American Economic Review,https://doi.org/10.1257/aer.20211715,Housing model nesting segmented and unsegmented owner/rental markets with landlords,Estimated segmentation elasticity + calibrated model,Degree of owner/rental segmentation determines whether credit moves prices; credit standards explain 32--53% of the 2000s boom,US boom focus; no inheritance or inflation,Shows that the rental-market structure governs the price feedback in contribution (i),Medium: the segmentation parameter is a key modelling choice for WP18,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
cloyne2020monetary,"Cloyne, James and Ferreira, Clodomiro and Surico, Paolo",2020,Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism,Review of Economic Studies,https://doi.org/10.1093/restud/rdy074,"Empirical (US, UK household surveys)",Local projections by tenure group,Consumption response to rates driven by mortgagors; outright owners do not adjust; renters adjust less,No structural model,Tenure heterogeneity in monetary transmission,None,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
gete2018mortgage,"Gete, Pedro and Reher, Michael",2018,Mortgage Supply and Housing Rents,Review of Financial Studies,https://doi.org/10.1093/rfs/hhx145,Empirical + simple model,Bank-level credit supply shocks,Tighter mortgage supply raises rents and lowers homeownership by pushing households into renting,US post-2010,Evidence for the rental-market feedback of credit constraints central to contribution (i),None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
fisher1933debt,"Fisher, Irving",1933,The Debt-Deflation Theory of Great Depressions,Econometrica,https://doi.org/10.2307/1907327,Verbal theory,Theory,Unexpected deflation raises the real burden of nominal debt,No formal model,Origin of the Fisher channel,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
doepke2006inflation,"Doepke, Matthias and Schneider, Martin",2006,Inflation and the Redistribution of Nominal Wealth,Journal of Political Economy,https://doi.org/10.1086/508379,Accounting framework of nominal positions by age and wealth; partial equilibrium,"Flow of funds + SCF, revaluation under inflation scenarios",Surprise inflation transfers from rich old bondholders (and foreigners) to young middle-class households with fixed-rate mortgages and to the government,"No GE price responses, no behavioural adjustment, no housing price endogeneity","Baseline for contribution (iii); WP18 asks whether these gains survive in GE with endogenous rents, house prices and lender wealth",High on the direct revaluation; WP18 adds GE and tenure-entry effects,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
adam2016price,"Adam, Klaus and Zhu, Junyi",2016,Price-Level Changes and the Redistribution of Nominal Wealth across the Euro Area,Journal of the European Economic Association,https://doi.org/10.1111/jeea.12155,Accounting framework (HFCS + sectoral accounts),Revaluation of nominal positions,"Young middle-class households lose from deflation, older and richer gain; wealth inequality rises with unexpected deflation",No behavioural or GE response,Cross-country confirmation of the age/tenure pattern of nominal exposure,Medium (accounting only),Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
auclert2019monetary,"Auclert, Adrien",2019,Monetary Policy and the Redistribution Channel,American Economic Review,https://doi.org/10.1257/aer.20160137,"Heterogeneous-agent model with sufficient statistics (unhedged interest rate exposure, Fisher channel, earnings heterogeneity)",Theory + micro calibration,Redistribution through Fisher and URE channels amplifies monetary transmission when losers have lower MPCs than winners,No housing/tenure structure or intergenerational dynamics,Provides the sufficient-statistic language for the Fisher channel WP18 will use in Proposition on inflation,Medium on (iii) mechanism; WP18 adds long-run ownership and wealth persistence,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
meh2010aggregate,"Meh, Cesaire A. and Rios-Rull, Jose-Victor and Terajima, Yaz",2010,Aggregate and Welfare Effects of Redistribution of Wealth under Inflation and Price-Level Targeting,Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2010.05.001,Heterogeneous-agent OLG GE with nominal positions (Bank of Canada),"Calibrated GE, 1% price-level surprise under IT vs PT","Redistribution and its aggregate/welfare effects are larger under inflation targeting; youngest, poorest and government gain",No explicit housing market or tenure choice,Canadian GE precedent for surprise-inflation redistribution; confirms GE matters,"High on (iii) in spirit; no housing, no ownership entry",Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
meh2011inflation,"Meh, Cesaire A. and Terajima, Yaz",2011,"Inflation, Nominal Portfolios, and Wealth Redistribution in Canada",Canadian Journal of Economics,https://doi.org/10.1111/j.1540-5982.2011.01678.x,Accounting framework for Canada (nominal portfolios),Revaluation of nominal positions,"Main winners of inflation are young middle-class households with mortgage debt; the old, the rich and pension holders lose; Canada--US differences are substantial",No GE,Canadian calibration anchor for nominal exposures by age and tenure,Medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
pallotti2024who,"Pallotti, Filippo and Paz-Pardo, Gonzalo and Slacalek, Jiri and Tristani, Oreste and Violante, Giovanni L.",2024,Who Bears the Costs of Inflation? Euro Area Households and the 2021--2023 Shock,Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2024.103671,Welfare accounting of unexpected inflation channels,HFCS microdata + aggregates,"Nominal net positions drive heterogeneity; retirees lose up to 14% of triennial income, half of 25--44 year-olds gain; rigid rents hedge renters","Accounting, no GE","Recent evidence that owners with nominal debt gained and that rent rigidity matters for renters, a nuance WP18 must model",Medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
saiz2010geographic,"Saiz, Albert",2010,The Geographic Determinants of Housing Supply,Quarterly Journal of Economics,https://doi.org/10.1162/qjec.2010.125.3.1253,Empirical,GIS land availability + regulation,Metropolitan housing supply elasticities are determined by geography and regulation; inelastic metros see higher prices,US metros,Empirical anchor for the supply elasticity parameter sweep in contribution (iv),None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
gyourko2013superstar,"Gyourko, Joseph and Mayer, Christopher and Sinai, Todd",2013,Superstar Cities,American Economic Journal: Economic Policy,https://doi.org/10.1257/pol.5.4.167,Theory + empirics,Metro panel,Inelastic supply plus rising high-income demand generates persistent price divergence and sorting of the rich into scarce cities,US metros,Persistent price divergence under inelastic supply as a source of owner-renter wealth divergence,Low,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
knoll2017no,"Knoll, Katharina and Schularick, Moritz and Steger, Thomas",2017,"No Price Like Home: Global House Prices, 1870--2012",American Economic Review,https://doi.org/10.1257/aer.20150501,Empirical long-run,14-country house price dataset + decomposition,Real house prices roughly constant until mid-20th century then tripled; about 80% of the increase is land prices,Aggregates,"Motivates land scarcity as the long-run driver of housing wealth, central to (iv)",None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
glaeser2018economic,"Glaeser, Edward and Gyourko, Joseph",2018,The Economic Implications of Housing Supply,Journal of Economic Perspectives,https://doi.org/10.1257/jep.32.1.3,Survey,Survey,Supply restrictions raise prices above construction costs and reduce mobility and welfare,Survey,Framing for supply policy section,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
davis2007price,"Davis, Morris A. and Heathcote, Jonathan",2007,The Price and Quantity of Residential Land in the United States,Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2007.06.023,Accounting + empirics,Land/structure decomposition,Land share of house value rose from 35% to over 45%; land prices drive house price volatility,US,Justifies modelling land as fixed factor in housing production,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
favilukis2023affordable,"Favilukis, Jack and Mabille, Pierre and Van Nieuwerburgh, Stijn",2023,Affordable Housing and City Welfare,Review of Economic Studies,https://doi.org/10.1093/restud/rdac024,"Dynamic stochastic spatial equilibrium with owners, renters, construction, incomplete markets",Calibrated to New York MSA,Affordability policies have insurance value but distort supply and labour; wealth inequality endogenous,City-level; no inheritance or inflation,"Shows how to endogenise rents, prices, construction and wealth inequality jointly",Medium (model architecture),Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
grossmann2021distributional,"Grossmann, Volker and Larin, Benjamin and L""offlad, Hans Torben and Steger, Thomas",2021,Distributional Consequences of Surging Housing Rents,Journal of Economic Theory,https://doi.org/10.1016/j.jet.2021.105275,"Dynamic GE with land as fixed factor, owners/landlords and renters",Theory + calibration,Land scarcity with growth raises rents and house prices; redistributes from renters to landowners and raises wealth inequality,"Representative types; no bequest heterogeneity, no nominal debt (metadata verified; abstract not retrieved)",Closest theoretical treatment of land scarcity as a driver of owner-renter inequality (contribution iv),"High on the supply-scarcity inequality link; WP18 adds mortgage contracts, inflation and ownership entry","Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
borri2021optimal,"Borri, Nicola and Reichlin, Pietro",2021,Optimal Taxation with Home Ownership and Wealth Inequality,Review of Economic Dynamics,https://doi.org/10.1016/j.red.2020.09.003,Heterogeneous-agent model with owners/renters and housing taxation,Theory + quantitative,Housing price appreciation widens wealth inequality between owners and renters; optimal taxation of housing analysed (metadata verified; abstract not retrieved),"No inflation, no inheritance process",Normative counterpart on owner-renter inequality,Medium,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
rognlie2015deciphering,"Rognlie, Matthew",2015,Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity?,Brookings Papers on Economic Activity,https://doi.org/10.1353/eca.2016.0002,Empirical/accounting,National accounts decomposition,Post-war rise in net capital share comes entirely from housing; scarcity rather than accumulation,Aggregates,Housing scarcity as the source of rising capital share motivates land-constrained supply,None,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
henderson1983model,"Henderson, J. Vernon and Ioannides, Yannis M.",1983,A Model of Housing Tenure Choice,American Economic Review,https://ideas.repec.org/a/aea/aecrev/v73y1983i1p98-113.html,Static theory of tenure choice with rental externality,Theory,Owning dominates renting when the consumption demand exceeds investment demand; rental externality (maintenance) creates an ownership premium,"Static, no credit constraints",Origin of the owner-premium rationale for a rent-price wedge,Low,"RePEc/IDEAS (vol. 73(1), 98--113) ; pas de DOI Crossref pour les AER de 1983"
ortalomagne2006housing,"Ortalo-Magne, Franccois and Rady, Sven",2006,Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints,Review of Economic Studies,https://doi.org/10.1111/j.1467-937X.2006.383_1.x,Life-cycle OLG with property ladder (starter/trade-up) and down-payment constraint,Analytical theory,Young households' ability to finance a down payment drives prices; income shocks cause overshooting; capital gains on starter homes relax constraints of existing owners,"No bequests, no inflation, no rental supply elasticity, stylised income",Direct analytical precedent for an ownership-entry threshold (contribution i) and path dependence (ii),"High: entry threshold via down-payment and price feedback; WP18 adds bequests, nominal debt, supply elasticity and GE wealth distribution",Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
stein1995prices,"Stein, Jeremy C.",1995,Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects,Quarterly Journal of Economics,https://doi.org/10.2307/2118444,Static model with down-payment constraints and repeat buyers,Theory,Down-payment effects generate multiple equilibria and price-volume comovement,Static,Origin of multiple equilibria through down-payment feedback (contribution ii),Medium on multiplicity mechanism,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
chambers2009accounting,"Chambers, Matthew and Garriga, Carlos and Schlagenhauf, Don E.",2009,Accounting for Changes in the Homeownership Rate,International Economic Review,https://doi.org/10.1111/j.1468-2354.2009.00544.x,"Quantitative GE OLG with housing, tenure choice and mortgage contracts",Calibrated GE,Mortgage innovation explains 56--70% of the 1994--2005 rise in homeownership; introduction of the FRM explains at least half of the post-1940 rise,"No bequest heterogeneity, no inflation surprises",Benchmark OLG GE for mortgage-contract effects on ownership (contribution iv),High on contract-to-ownership link; WP18 adds inheritance and inflation,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
sommer2013equilibrium,"Sommer, Kamila and Sullivan, Paul and Verbrugge, Randal",2013,The Equilibrium Effect of Fundamentals on House Prices and Rents,Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2013.04.017,"Dynamic equilibrium with endogenous prices and rents, owners/renters/landlords",Calibrated GE,"Lower rates, looser credit and higher income explain about half of the 1995--2006 rise in price-rent ratio",No bequests/inflation,Rental equilibrium template with endogenous rent-price ratio,Medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
sommer2018implications,"Sommer, Kamila and Sullivan, Paul",2018,"Implications of US Tax Policy for House Prices, Rents, and Homeownership",American Economic Review,https://doi.org/10.1257/aer.20141751,"Dynamic GE housing model with progressive taxes, owners, renters, landlords",Calibrated GE policy experiment,"Removing the mortgage interest deduction lowers prices, raises homeownership and welfare","No bequests, no inflation","Shows GE price feedback can reverse partial-equilibrium intuition, a warning for all WP18 claims",Medium (architecture),Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
iacoviello2013housing,"Iacoviello, Matteo and Pavan, Marina",2013,Housing and Debt over the Life Cycle and over the Business Cycle,Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2012.10.020,"Quantitative GE life-cycle with housing, debt, down payments",Calibrated GE,Matches age profiles of ownership and debt; lower down payments and higher income risk reduce housing volatility,No bequest heterogeneity or inflation,Life-cycle debt and ownership profiles benchmark,Medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
gervais2002housing,"Gervais, Martin",2002,Housing Taxation and Capital Accumulation,Journal of Monetary Economics,https://doi.org/10.1016/S0304-3932(02)00172-1,OLG GE with owners/renters and down-payment constraint,Calibrated GE,Tax treatment of housing distorts tenure and capital accumulation,No inheritance or inflation,Early OLG GE with tenure and down payment,Medium,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
diaz2010wealth,"Diaz, Antonia and Luengo-Prado, Maria Jose",2010,The Wealth Distribution with Durable Goods,International Economic Review,https://doi.org/10.1111/j.1468-2354.2009.00574.x,"Incomplete-markets model with housing as durable, collateral and transaction costs",Calibrated,Housing raises measured wealth inequality concentration patterns; collateral constraints matter for the bottom of the distribution,"Infinite horizon, no bequests",Housing and the shape of the wealth distribution,Medium,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
halket2014saving,"Halket, Jonathan and Vasudev, Santhanagopalan",2014,Saving Up or Settling Down: Home Ownership over the Life Cycle,Review of Economic Dynamics,https://doi.org/10.1016/j.red.2013.06.002,"Life-cycle model with mobility, tenure and down payment",Calibrated,Mobility and down-payment saving jointly explain the age profile of ownership,Partial equilibrium,Saving-for-down-payment behaviour before the ownership threshold,Medium,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
halket2015homeownership,"Halket, Jonathan and Pignatti Morano di Custoza, Matteo",2015,Homeownership and the Scarcity of Rentals,Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2015.08.003,Competitive search model of rental market with private information on tenure duration,Theory + listing data,Rental scarcity for long-stay households raises ownership; ownership higher where rents are low relative to prices but rentals scarce,No dynamics of wealth,Microfoundation for rental scarcity and the rent-price ratio,Low,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
pazpardo2024homeownership,"Paz-Pardo, Gonzalo",2024,Homeownership and Portfolio Choice over the Generations,American Economic Journal: Macroeconomics,https://doi.org/10.1257/mac.20200473,"Life-cycle model with housing, portfolio choice, flexible earnings risk",Estimated earnings processes + calibrated model,Riskier and more unequal earnings of later cohorts explain much of the fall in young homeownership; lower-income households buy later and accumulate less wealth,"No GE prices, no bequest heterogeneity","Earnings-risk channel into ownership entry and wealth, to separate from the inheritance channel",Medium on (i),Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
kaas2021low,"Kaas, Leo and Kocharkov, Georgi and Preugschat, Edgar and Siassi, Nawid",2021,Low Homeownership in Germany---A Quantitative Exploration,Journal of the European Economic Association,https://doi.org/10.1093/jeea/jvaa004,"Life-cycle model with income and housing risk, endogenous tenure, social housing, transfer taxes",Calibrated,"Social housing, transfer taxes and no mortgage deduction explain about two thirds of the Germany-US ownership gap; closing it would lower welfare","No GE price feedback, no inheritance",Policy determinants of ownership rates; welfare caution,Low-medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
floetotto2016government,"Floetotto, Max and Kirker, Michael and Stroebel, Johannes",2016,"Government Intervention in the Housing Market: Who Wins, Who Loses?",Journal of Monetary Economics,https://doi.org/10.1016/j.jmoneco.2016.04.005,GE heterogeneous-agent model with owner/rental housing and taxes,"Calibrated, transition dynamics",Homebuyer credits raise prices temporarily and lower welfare; removing tax asymmetry helps a majority in steady state but transitions create winners and losers,No inheritance or inflation,Transition-path distributional analysis template for policy section,Low-medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
nakajima2020home,"Nakajima, Makoto and Telyukova, Irina A.",2020,Home Equity in Retirement,International Economic Review,https://doi.org/10.1111/iere.12435,Estimated structural life-cycle model of retirees with housing,Structural estimation,Owners dissave slowly because they want to stay and cannot borrow; housing boom raised retiree assets 28--44%,Retirement phase only,Houses as the main bequeathed asset: end-of-life housing holdings feed the inheritance process,Low,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
linneman1989impacts,"Linneman, Peter and Wachter, Susan",1989,The Impacts of Borrowing Constraints on Homeownership,Real Estate Economics,https://doi.org/10.1111/1540-6229.00499,Empirical,SCF-based constraint measures,Wealth (down-payment) constraints reduce ownership more than income constraints,Cross-section,"Early evidence that the wealth constraint, not income, blocks ownership",None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
samuelson1958exact,"Samuelson, Paul A.",1958,An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money,Journal of Political Economy,https://doi.org/10.1086/258100,OLG,Theory,Foundational OLG model,---,OLG foundation,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
diamond1965national,"Diamond, Peter A.",1965,National Debt in a Neoclassical Growth Model,American Economic Review,https://assets.aeaweb.org/asset-server/journals/aer/top20/55.5.1126-1150.pdf,OLG with capital,Theory,OLG with production and debt; dynamic efficiency,---,OLG production foundation,None,"PDF officiel AEA (assets.aeaweb.org, top20) ; pas de DOI Crossref"
aiyagari1994uninsured,"Aiyagari, S. Rao",1994,Uninsured Idiosyncratic Risk and Aggregate Saving,Quarterly Journal of Economics,https://doi.org/10.2307/2118417,Bewley incomplete-markets GE,Theory + numerics,Precautionary saving raises aggregate capital; stationary wealth distribution,No housing,Incomplete-markets foundation,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
huggett1996wealth,"Huggett, Mark",1996,Wealth Distribution in Life-Cycle Economies,Journal of Monetary Economics,https://doi.org/10.1016/S0304-3932(96)01291-3,Life-cycle incomplete-markets GE with accidental bequests,Calibrated,Life-cycle model reproduces wealth Gini but not the top tail,No housing,OLG wealth-distribution benchmark,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
denardi2004wealth,"De Nardi, Mariacristina",2004,Wealth Inequality and Intergenerational Links,Review of Economic Studies,https://doi.org/10.1111/j.1467-937X.2004.00302.x,OLG incomplete markets with voluntary bequests and earnings transmission,Calibrated GE,Voluntary bequests (luxury good) and intergenerational earnings links are needed to match the top of the wealth distribution,No housing,Canonical bequest specification that WP18 adopts and extends to housing,High on bequest process; none on housing/tenure,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
benhabib2011distribution,"Benhabib, Jess and Bisin, Alberto and Zhu, Shenghao",2011,The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents,Econometrica,https://doi.org/10.3982/ECTA8416,OLG with capital-income risk and bequests,Analytical (Pareto tails),"Capital income risk, not labour income risk, generates Pareto tails; estate taxes reduce inequality",No housing,Analytical persistence results for inherited wealth,Medium on (ii) theory,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
gabaix2016dynamics,"Gabaix, Xavier and Lasry, Jean-Michel and Lions, Pierre-Louis and Moll, Benjamin",2016,The Dynamics of Inequality,Econometrica,https://doi.org/10.3982/ECTA13569,Continuous-time random growth,Theory,Standard random-growth models transition too slowly; persistent heterogeneity needed for fast inequality changes,No housing,Speed-of-convergence benchmark for persistence claims (ii),Low,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
kuhn2020income,"Kuhn, Moritz and Schularick, Moritz and Steins, Ulrike I.",2020,"Income and Wealth Inequality in America, 1949--2016",Journal of Political Economy,https://doi.org/10.1086/708815,Empirical (historical SCF),Long-run microdata,Portfolio composition (leveraged housing for the middle class vs equity for the top) makes asset price movements the main driver of wealth inequality dynamics,US,Evidence for the leverage-portfolio channel of inequality that WP18 formalises,None (empirical),"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
piketty2014capital,"Piketty, Thomas and Zucman, Gabriel",2014,Capital is Back: Wealth-Income Ratios in Rich Countries 1700--2010,Quarterly Journal of Economics,https://doi.org/10.1093/qje/qju018,Accounting,National balance sheets,Wealth-income ratios rose from 200--300% to 400--600%; housing is a major component,Aggregates,Housing as the main component of rising wealth-income ratios,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
boar2021dynastic,"Boar, Corina",2021,Dynastic Precautionary Savings,Review of Economic Studies,https://doi.org/10.1093/restud/rdab012,Empirical + two-generation saving model,PSID parent-child pairs,Parents save more when children face higher permanent-income risk,No housing,Inter vivos transfers as insurance: motivates endogenous timing of transfers at home purchase,Low,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
nekoei2023how,"Nekoei, Arash and Seim, David",2023,How Do Inheritances Shape Wealth Inequality? Theory and Evidence from Sweden,Review of Economic Studies,https://doi.org/10.1093/restud/rdac016,Empirical + theory,"Swedish registers, quasi-experiment",Inheritances reduce inequality on receipt but increase it within a decade because wealthy heirs earn higher returns,Sweden,Return heterogeneity after inheritance; housing is a candidate return channel WP18 can test,Low-medium,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
fagereng2021why,"Fagereng, Andreas and Mogstad, Magne and Ronning, Marte",2021,Why Do Wealthy Parents Have Wealthy Children?,Journal of Political Economy,https://doi.org/10.1086/712446,Empirical (Norwegian adoptees),Quasi-random adoptive placement,Family environment causally raises child wealth and risk-taking; effect not mainly through gifts/inheritances,Norway,Warns that intergenerational wealth persistence is not only transfers; WP18 inheritance channel is one part,None,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
daysal2023intergenerational,"Daysal, N. Meltem and Lovenheim, Michael F. and Wasser, David N.",2023,The Intergenerational Transmission of Housing Wealth,NBER Working Paper 31669,https://doi.org/10.3386/w31669,Empirical (Danish registers),Local house price variation during childhood,About 25% of parental housing wealth gains in early childhood pass through to children's housing wealth and 27% to total wealth; modest effects on ownership; earnings/education explain only 20--30%,Working paper; Denmark,Direct empirical measure of the parental-housing-wealth channel (contribution i/ii),None (empirical),Crossref (NBER DOI) + page NBER lue (résumé)
benetton2022dynastic,"Benetton, Matteo and Kudlyak, Marianna and Mondragon, John",2022,Dynastic Home Equity,SSRN Working Paper,https://doi.org/10.2139/ssrn.4163306,Empirical (US credit bureau parent-child links),Parental home equity shocks,Parental home equity raises children's homeownership (metadata verified; abstract page inaccessible),Working paper; abstract not retrieved,Parental housing wealth as collateral for children's entry,None,Crossref (SSRN DOI 10.2139/ssrn.4163306) ; pages SSRN/Fed inaccessibles
charles2002transition,"Charles, Kerwin Kofi and Hurst, Erik",2002,The Transition to Home Ownership and the Black-White Wealth Gap,Review of Economics and Statistics,https://doi.org/10.1162/003465302317411532,Empirical (PSID),Transition analysis,Parental wealth and transfers (down-payment help) explain much of the racial ownership gap; income differences play a role in application rates,US,Equal-income households differ in ownership through parental transfers: the exact comparison in WP18,None (empirical),"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
engelhardt1998intergenerational,"Engelhardt, Gary V. and Mayer, Christopher J.",1998,"Intergenerational Transfers, Borrowing Constraints, and Saving Behavior: Evidence from the Housing Market",Journal of Urban Economics,https://doi.org/10.1006/juec.1997.2064,Empirical,First-time buyer survey,About 20% of first-time buyers receive transfers covering half the down payment; transfers reduce own saving,US 1990s,Transfers at purchase as the empirical form of the bequest channel,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
guiso2002private,"Guiso, Luigi and Jappelli, Tullio",2002,"Private Transfers, Borrowing Constraints, and Timing of Homeownership","Journal of Money, Credit, and Banking",https://doi.org/10.1353/mcb.2002.0039,Empirical (Italy SHIW) + duration model,Duration analysis,Transfers advance first purchase by about two years and raise house size,Italy,Timing of ownership entry under transfers,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
blickle2019borrowing,"Blickle, Kristian and Brown, Martin",2019,"Borrowing Constraints, Home Ownership and Housing Choice: Evidence from Intra-Family Wealth Transfers","Journal of Money, Credit and Banking",https://doi.org/10.1111/jmcb.12566,Empirical (Swiss panel),Transfer receipt vs tenure transition,"Transfers raise renter-to-owner transitions by 6--8 pp (35% of mean) through relaxed constraints, not wealth effects",Switzerland,Causal size of the transfer-to-ownership effect,None,Crossref API (JSON brut dans research/verification/) + résumé lu (Crossref/éditeur/IDEAS)
allen2019search,"Allen, Jason and Clark, Robert and Houde, Jean-Franccois",2019,Search Frictions and Market Power in Negotiated-Price Markets,Journal of Political Economy,https://doi.org/10.1086/701684,Structural search model of Canadian mortgage market,Estimated on insured mortgages,Search frictions and discrimination create dispersion in Canadian mortgage rates,Pricing only,Institutional detail of Canadian five-year insured mortgages,None,"Crossref API (query.bibliographic, JSON brut dans research/verification/) + DOI résolu"
kartashova2020how,"Kartashova, Katya and Zhou, Xiaoqing",2020,How Do Mortgage Rate Resets Affect Consumer Spending and Debt Repayment? Evidence from Canadian Consumers,Bank of Canada Staff Working Paper 2020-18,https://doi.org/10.34989/swp-2020-18,Empirical (Canadian credit panel),Scheduled resets of short-term fixed-rate mortgages,"Asymmetric responses of durable spending, deleveraging and default to rate resets; cash-flow effects plus expectations",Reduced form,Canadian five-year FRM resets are the institutional core of the mortgage-contract dimension,None,Page Banque du Canada (DOI 10.34989/swp-2020-18) lue
bounajm2024modelling,"Bounajm, Fares and McWhirter, Austin",2024,Modelling Canadian Mortgage Debt and Payments in a Semi-Structural Model,Bank of Canada Staff Analytical Note 2024-1,https://doi.org/10.34989/san-2024-1,Semi-structural (LENS) mortgage debt block,Model documentation,Represents Canada's term structure of mortgage debt; longer fixed terms slow pass-through of rate changes to spending,Policy note,Institutional modelling of Canadian mortgage amortisation and renewal timing,None,Page Banque du Canada (DOI 10.34989/san-2024-1) lue
godbout2025how,"Godbout, Claudia and Su, Adam and Xu, Yang",2025,How Will Mortgage Payments Change at Renewal? An Updated Analysis,Bank of Canada Staff Analytical Note 2025-21,https://doi.org/10.34989/san-2025-21,Microsimulation of Canadian mortgages,Loan-level data,About 60% of outstanding mortgages renew in 2025--2026; five-year fixed-rate borrowers face average payment increases of 15--20% versus December 2024,Policy note,Quantifies the renewal shock that distinguishes Canadian 5-year FRM from US 30-year FRM in contribution (iii),None,Page Banque du Canada (DOI 10.34989/san-2025-21) lue
statcan2024survey,Statistics Canada,2024,"Survey of Financial Security, 2023","The Daily, 29 October 2024",https://www150.statcan.gc.ca/n1/daily-quotidien/241029/dq241029a-eng.htm,Official statistics,Survey,"Median family net worth $519,700 (+57% vs 2019); families 55--64: owners with pension $1.4M vs renters without pension $11,900; under-35 owners $457,100 vs non-owners $44,000; 39% hold a mortgage",Top wealth under-sampled,Headline Canadian owner-renter wealth gap motivating the paper and calibration targets,None,Page Statistique Canada lue (The Daily 2024-10-29)
mirdamadi2023parents,"Mirdamadi, Michael and Khalid, Aisha",2023,Parents and Children in the Canadian Housing Market: Does Parental Property Ownership Increase the Likelihood of Homeownership for their Adult Children?,"Statistics Canada, Housing Statistics in Canada, Catalogue 46-28-0001",https://www150.statcan.gc.ca/n1/pub/46-28-0001/2023001/article/00004-eng.htm,Official statistics (linked CHSP data),Descriptive/regression,"Children of homeowning parents are more likely to own; family gifts to first-time buyers rose from 20% to 28% of buyers (2015--2021) with average gift $50,000 to $80,000 (CIBC, cited therein)",Descriptive,Canadian evidence of the parental ownership channel,None,Page Statistique Canada lue (2023-11-20)
hou2010homeownership,"Hou, Feng",2010,Homeownership over the Life Course of Canadians: Evidence from Canadian Censuses of Population,Statistics Canada Analytical Studies Branch Research Paper 325,https://www150.statcan.gc.ca/n1/pub/11f0019m/11f0019m2010325-eng.htm,Descriptive (censuses 1971--2006),Cohort profiles,"Ownership rises steeply before 40, plateaus near 65 at about three quarters; plateau rose across cohorts; income closely tied to ownership",Descriptive,Canadian age profile of ownership for validation of baseline moments,None,Catalogue Statistique Canada 11F0019M2010325 (recherche web + SSRN 10.2139/ssrn.2029933 Crossref)
cmhc2026residential,Canada Mortgage and Housing Corporation,2026,"Residential Mortgage Industry Report, Spring 2026",CMHC,https://www.cmhc-schl.gc.ca/professionals/housing-markets-data-and-research/housing-research/research-reports/housing-finance/residential-mortgage-industry-report,Industry statistics,Report,Only 11% of mortgages extended at chartered banks in February 2026 were traditional five-year fixed; variable 42%; renewal pressures peaked in 2025,Report,Contract-mix facts for the Canadian calibration,None,Page SCHL lue (2026)