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Calvin Zhang

Assistant Professor of Finance
Affiliations: Finance
calvinz@uoregon.edu
Office: Lillis 380

About

Biography:

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.

Degree History:
  • PhD, Real Estate, University of California Berkeley, 2017
  • BA, Economics, Northwestern University, 2009
  • BA, Mathematical Methods in the Social Sciences, Northwestern University, 2009
Previous Positions:
  • Financial Economist, Federal Reserve Bank of Philadelphia, 2017–2024

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Areas of Expertise

  • Real estate
  • Household finance
  • Political economy

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Current Projects

  • "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

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Publications

Journal Articles:

Bayer, Patrick, Marcus Casey, W. Ben McCartney, John Orellana-Li, and Calvin Zhang. "Distinguishing Causes of Neighborhood Racial Change: A Nearest Neighbor Design." American Economic Review, forthcoming.

McCartney, W. Ben, John Orellana-Li, and Calvin Zhang. "Political Polarization Affects Households' Financial Decisions: Evidence from Home Sales." The Journal of Finance 79, no. 2: 795-841. https://doi.org/10.1111/jofi.13315.

April 2024

Li, Zhimin, Leslie Sheng Shen, and Calvin Zhang. "Local Effects of Global Capital Flows: A China Shock in the U.S. Housing Market." The Review of Financial Studies 37, no. 3: 761-801. https://doi.org/10.1093/rfs/hhad067.

March 2024

Conklin, James N., Haoyang Liu, and Calvin Zhang. "Credit Supply Shocks, Home Purchase Volume, and Borrowing Behavior." Real Estate Economics 52, no. 2: 486-513. https://doi.org/10.1111/1540-6229.12462.

March 2024

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In the News

The UO Duck mascot holds out a book (upon which are placed eight photos of new faculty members, scrapbook-style) to the viewer.
Welcoming New Research Talent
The college is growing its tenure-track faculty in key strategic growth areas including real estate finance, the intersection of law and finance, entrepreneurship, consumer behavior, supply chain, and financial reporting and disclosures.

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