Calvin Zhang is an assistant professor in the Department of Finance at the Lundquist College of Business. His areas of interest include real estate, household finance, and political economy. His research on these topics has been published in such journals such Journal of Finance, Review of Financial Studies, and Real Estate Economics.

Zhang received his PhD in real estate from the University of California Berkeley and BAs in economics and mathematical methods in the social services from Northwestern University. Prior to joining the Lundquist College, he was a financial economist at the Federal Reserve Bank of Philadelphia.

• PhD, Real Estate, University of California Berkeley, 2017
• BA, Economics, Northwestern University, 2009
• BA, Mathematical Methods in the Social Sciences, Northwestern University, 2009

• Financial Economist, Federal Reserve Bank of Philadelphia, 2017–2024

• Real estate
• Household finance
• Political economy

• "Distinguishing Causes of Neighborhood Racial Change: A Nearest Neighbor Design," with Patrick Bayer, Marcus Casey, W. Ben McCartney, and John Orellana-Li
• Improved Financial Well-Being Increases Voter Turnout: Evidence from the Mortgage Market," with Haoyang Liu, W. Ben McCartney, Rodney Ramcharan, and Xiaohan Zhang
• "Fear in the Neighborhood: The Costs of Racial Integration,” with Stephen Billings and W. Ben McCartney