Thesis: Impacts of the global rise of housing price from 1980s on the economy has attracted a surging research interest. As housing represent a major share of household expenditure as well as total wealth, it’s important to understand the role of housing on wealth inequality. Yet, due to data availability, little has been done to understand this issue. As wealth of households is accumulated from two main sources: capital savings and transfers, it’s important to understand how these sources are linked to housing market when there’s a shift in housing prices. Thus, the first two chapters of this thesis aim to a better understanding on the importance of housing channel on the economy. More specifically, the first chapter draws attention on the co-movement between housing prices and production output. By introducing different shocks to the economy, we can analyse their impacts on housing prices and capital accumulation as well as the mechanism in which these shocks are transmitted. On the other hand, the second chapter focuses on how intergenerational transfer makes inequality persistent via the housing market. By considering an economy with two different investment assets: housing and capital, we show that that there exists an equilibrium in which housing is more profitable than capital. As the rich family, i.e. the one who inherited relatively higher wealth, can access the housing market while the poor one can’t due to the borrowing constraint, inequality maintains in the long run. Furthermore, bequest and intrahousehold transfer are the two essential transmission channels that link to wealth in different way. While intrahousehold transfer is believed to contribute to the development of individual’s human capital and hence labour incomes, inheritance plays a decisive role in one’s accumulation of capital and wealth. Data from the national transfer account in France showed us that over the last decades, there has been a notable change in a composition of private transfers: from a more dominant share of intrahousehold transfers to a more dominant inheritance one. As this shift triggers two adverse effects, it’s therefore interesting to understand why and how it happens as well as how it is related to wealth inequality. These questions are addressed in the third chapter of my thesis.