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Education
2004-2009 Ph.D., Economics, Boston College
2002-2004 M.A., Economics, University of Western Ontario, Canada
1998-2002 B.A., Economics, Wuhan University, China
Fields of Specialization
Real Estate Economics, Consumer Finance, Labor Economics
Professional Experience
Jun 2023 - present Community Development Economic Advisor, Federal Reserve Bank of Philadelphia
Sep 2016 – May 2023 Associate Professor and Vice Dean, Institute for Economic and Social Research, Jinan University, Guangzhou, China
Jul 2014 – Aug 2016 Associate Professor, School of Economics, Shanghai University of Finance and Economics, Shanghai, China
Oct 2013 – June 2014 Economist, Fannie Mae, Washington DC
May 2010 - Oct 2013 Research Associate, Urban Institute, Washington DC
Jul 2009 - Apr 2010 Research Associate, IMPAQ International, Washington DC
Jun 2007 - Jul 2007 Visiting Fellow, Federal Reserve Bank of Boston
Journal Articles
[1] Shiu, Ji-Liang, Sisi Zhang, and Peter Gottachalk. "Family Income Dynamics 1970-2018: Putting the Pieces Together". Journal of Labor Economics, accepted.
[2] Moffitt, Robert, and Sisi Zhang. "Estimating trends in male earnings volatility with the Panel Study of Income Dynamics." Journal of Business & Economic Statistics 41, no. 1 (2022): 20-25.
[3] Moffitt, Robert, John Abowd, Christopher Bollinger, Michael Carr, Charles Hokayem, Kevin McKinney, Emily Wiemers, Sisi Zhang, and James Ziliak. "Reconciling trends in US male earnings volatility: Results from survey and administrative data." Journal of Business & Economic Statistics 41, no. 1 (2022): 1-11.
[4] Yang, Yushi, and Sisi Zhang. "Understanding income volatility in urban China." Journal of Asian Economics 85 (2023): 101588.
[5] Yang, Yushi, Weizeng Sun, and Sisi Zhang. "How housing rent affect migrants’ consumption and social integration?—Evidence from China Migrants Dynamic Survey." China Economic Quarterly International 2, no. 3 (2022): 165-177.
[6] Liu, Shimeng, and Sisi Zhang. "Housing wealth changes and entrepreneurship: Evidence from urban China." China Economic Review 69 (2021): 101656.
[7] Lu, Zhentong, Sisi Zhang, and Jian Hong. "Examining the impact of home purchase restrictions on China's housing market." China Economic Review 67 (2021): 101620.
[8] Sun, Weizeng, Sisi Zhang, Chengtao Lin, and Siqi Zheng. "How do home purchase restrictions affect elite Chinese graduate students’ job search behavior?." Regional Science and Urban Economics 87 (2021): 103644.
[9] Zhang, Sisi, and Robert I. Lerman. "Does homeownership protect individuals from economic hardship during housing busts?." Housing Policy Debate 29, no. 4 (2019): 522-541.
[9] Moffitt, Robert, and Sisi Zhang. "Income volatility and the PSID: Past research and new results." In AEA Papers and Proceedings, vol. 108, pp. 277-280. 2014 Broadway, Suite 305, Nashville, TN 37203: American Economic Association, 2018.
[10] Moffitt, Robert, and Sisi Zhang. "The PSID and income volatility: Its record of seminal research and some new findings." The Annals of the American Academy of Political and Social Science 680, no. 1 (2018): 48-81.
[11] Zhang, Sisi, and Shuaizhang Feng. "Understanding the unequal post-Great Recession wealth recovery for American families." The BE Journal of Economic Analysis & Policy 17, no. 4 (2017).
[12] Feinberg, Robert M., Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang. "Explaining Variation in Title Charges: A Study of Five Metropolitan Residential Real Estate Markets." Review of Industrial Organization 46 (2015): 145-167.
[13] Zhang, Sisi. "Wage shocks, household labor supply, and income instability." Journal of Population Economics 27, no. 3 (2014): 767-796.
[14] McKernan, Signe-Mary, Caroline Ratcliffe, Margaret Simms, and Sisi Zhang. "Do racial disparities in private transfers help explain the racial wealth gap? New evidence from longitudinal data." Demography 51, no. 3 (2014): 949-974.
[15] McKernan, Signe-Mary, Caroline Ratcliffe, Eugene Steuerle, and Sisi Zhang. "Disparities in wealth accumulation and loss from the great recession and beyond." American Economic Review 104, no. 5 (2014): 240-244.
[16] Chan, Marc, Marios Michaelides, and Sisi Zhang. "Who Receives Unemployment Insurance?." Research in Applied Economics (2014). 6(3): 98-128.
[17] Ratcliffe, Caroline, Signe-Mary McKernan, and Sisi Zhang. "How much does the Supplemental Nutrition Assistance Program reduce food insecurity?." American journal of agricultural economics 93, no. 4 (2011): 1082-1098.
[18] Zhang, Sisi. "Recent trends in household income dynamics for the United States, Germany and Great Britain." Economics Bulletin 30, no. 2 (2010): 1154-1172.
Non-Referred Publications
Policy Reports
[1] Lerman, Robert and Sisi Zhang. 2014. “Do Homeownership and Rent Subsidies Protect Individuals from Material Hardship?” Research Report. The Urban Institute.
[2] Lerman, Robert and Sisi Zhang. 2013. “Coping with the Great Recession: Disparate Impacts on Economic Well-Being in Poor Neighborhoods”, Opportunity and Ownership Project Research Report No. 6. Washington, DC: The Urban Institute.
[3] Mills, Gregory and Sisi Zhang. 2013. “Social Support Networks and Their Effects on Hardship Avoidance among Low-income Households”. The Urban Institute.
[4] Feinberg, Robert, Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang. 2012. “What Explains Variation in Title Charges? A Study of Five Large Markets”, Washington, DC: U.S. Department of Housing and Urban Development.
[5] Signe-Mary McKernan, Caroline Ratcliffe, Margaret Simms, and Sisi Zhang. 2011. “Private Transfers, Race, and Wealth”, Opportunity and Ownership Project Research Report No. 5. Washington, DC: The Urban Institute.
[6] Margaret Simms, Nancy Pindus, Rachel Brash, Jessica Compton, Daniel Kuehn, and Sisi Zhang. 2011. “Meeting the Financial Education Needs of Postsecondary Students”, U.S. Department of Treasury.
[7] Marc Chan, Marios Michaelides, and Sisi Zhang. 2010. “Who Receives Unemployment Insurance?” U.S. Department of Labor.
[8] Jacob Beneus, Theodore Shen, Marc Chan, Benjamin Hansen, and Sisi Zhang. 2010. “Growing America through Entrepreneurship: Final Evaluation of Project GATE”, U.S. Department of Labor.
Policy Briefs and Fact Sheets
[1] McKernan, Signe-Mary, Caroline Ratcliffe, Eugene Steuerle, and Sisi Zhang. 2013. “Less than Equal: Racial Disparities in Wealth Accumulation”, Urban Institute Brief.
[2] Steuerle, Eugene, Signe-Mary McKernan, Caroline Ratcliffe, and Sisi Zhang. 2013. “Lost Generations? Wealth Building Among the Young”, Urban Institute Brief.
[3] Lerman, Robert and Sisi Zhang. 2012. “Weathering the Great Recession: Did High-Poverty Neighborhoods Fare Worse?” Pew Economic Mobility Project Issue Brief.
[4] Ratcliffe, Caroline and Sisi Zhang. 2012. “U.S. Asset Poverty and the Great Recession”. Opportunity and Ownership Facts No. 27. The Urban Institute.
[5] Signe-Mary McKernan, Caroline Ratcliffe, Margaret Simms, and Sisi Zhang. 2012. “Do Financial Support Contribute to the Racial Wealth Gap?”, Opportunity and Ownership Facts No. 26. Washington, DC: The Urban Institute.
[6] Feinberg, Robert, Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang. 2012. “Comparing Home Closing Costs”, Opportunity and Ownership Facts No. 24. Washington, DC: The Urban Institute.
[7] Lerman, Robert, Eugene Steuerle, and Sisi Zhang. 2012. “Homeownership Policy at a Critical Juncture: Are Policymakers Overreacting to the Great Recession?” Opportunity and Ownership Project Brief No. 13. The Urban Institute.
[8] Mills, Gregory and Sisi Zhang. 2011. “Savings and Hardship Avoidance among Households Headed by People with Disabilities, Implications for SSI.” Low-income Working Families Fact Sheet. The Urban Institute.
Referee Activity
Economic Letters, Economic Journal, Economics and Human Biology, Frontiers of Economics in China, International Journal of Manpower, Journal of Economic Inequality, Journal of Economics, Race, and Policy, Journal of Integrative Agriculture, Journal of Labor Economics, Journal of Labor Research, Journal of Urban Economics, Regional Science and Urban Economics, Real Estate Economics, Social Forces, Social Problems
2004-2009 Ph.D., Economics, Boston College
2002-2004 M.A., Economics, University of Western Ontario, Canada
1998-2002 B.A., Economics, Wuhan University, China
Fields of Specialization
Real Estate Economics, Consumer Finance, Labor Economics
Professional Experience
Jun 2023 - present Community Development Economic Advisor, Federal Reserve Bank of Philadelphia
Sep 2016 – May 2023 Associate Professor and Vice Dean, Institute for Economic and Social Research, Jinan University, Guangzhou, China
Jul 2014 – Aug 2016 Associate Professor, School of Economics, Shanghai University of Finance and Economics, Shanghai, China
Oct 2013 – June 2014 Economist, Fannie Mae, Washington DC
May 2010 - Oct 2013 Research Associate, Urban Institute, Washington DC
Jul 2009 - Apr 2010 Research Associate, IMPAQ International, Washington DC
Jun 2007 - Jul 2007 Visiting Fellow, Federal Reserve Bank of Boston
Journal Articles
[1] Shiu, Ji-Liang, Sisi Zhang, and Peter Gottachalk. "Family Income Dynamics 1970-2018: Putting the Pieces Together". Journal of Labor Economics, accepted.
[2] Moffitt, Robert, and Sisi Zhang. "Estimating trends in male earnings volatility with the Panel Study of Income Dynamics." Journal of Business & Economic Statistics 41, no. 1 (2022): 20-25.
[3] Moffitt, Robert, John Abowd, Christopher Bollinger, Michael Carr, Charles Hokayem, Kevin McKinney, Emily Wiemers, Sisi Zhang, and James Ziliak. "Reconciling trends in US male earnings volatility: Results from survey and administrative data." Journal of Business & Economic Statistics 41, no. 1 (2022): 1-11.
[4] Yang, Yushi, and Sisi Zhang. "Understanding income volatility in urban China." Journal of Asian Economics 85 (2023): 101588.
[5] Yang, Yushi, Weizeng Sun, and Sisi Zhang. "How housing rent affect migrants’ consumption and social integration?—Evidence from China Migrants Dynamic Survey." China Economic Quarterly International 2, no. 3 (2022): 165-177.
[6] Liu, Shimeng, and Sisi Zhang. "Housing wealth changes and entrepreneurship: Evidence from urban China." China Economic Review 69 (2021): 101656.
[7] Lu, Zhentong, Sisi Zhang, and Jian Hong. "Examining the impact of home purchase restrictions on China's housing market." China Economic Review 67 (2021): 101620.
[8] Sun, Weizeng, Sisi Zhang, Chengtao Lin, and Siqi Zheng. "How do home purchase restrictions affect elite Chinese graduate students’ job search behavior?." Regional Science and Urban Economics 87 (2021): 103644.
[9] Zhang, Sisi, and Robert I. Lerman. "Does homeownership protect individuals from economic hardship during housing busts?." Housing Policy Debate 29, no. 4 (2019): 522-541.
[9] Moffitt, Robert, and Sisi Zhang. "Income volatility and the PSID: Past research and new results." In AEA Papers and Proceedings, vol. 108, pp. 277-280. 2014 Broadway, Suite 305, Nashville, TN 37203: American Economic Association, 2018.
[10] Moffitt, Robert, and Sisi Zhang. "The PSID and income volatility: Its record of seminal research and some new findings." The Annals of the American Academy of Political and Social Science 680, no. 1 (2018): 48-81.
[11] Zhang, Sisi, and Shuaizhang Feng. "Understanding the unequal post-Great Recession wealth recovery for American families." The BE Journal of Economic Analysis & Policy 17, no. 4 (2017).
[12] Feinberg, Robert M., Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang. "Explaining Variation in Title Charges: A Study of Five Metropolitan Residential Real Estate Markets." Review of Industrial Organization 46 (2015): 145-167.
[13] Zhang, Sisi. "Wage shocks, household labor supply, and income instability." Journal of Population Economics 27, no. 3 (2014): 767-796.
[14] McKernan, Signe-Mary, Caroline Ratcliffe, Margaret Simms, and Sisi Zhang. "Do racial disparities in private transfers help explain the racial wealth gap? New evidence from longitudinal data." Demography 51, no. 3 (2014): 949-974.
[15] McKernan, Signe-Mary, Caroline Ratcliffe, Eugene Steuerle, and Sisi Zhang. "Disparities in wealth accumulation and loss from the great recession and beyond." American Economic Review 104, no. 5 (2014): 240-244.
[16] Chan, Marc, Marios Michaelides, and Sisi Zhang. "Who Receives Unemployment Insurance?." Research in Applied Economics (2014). 6(3): 98-128.
[17] Ratcliffe, Caroline, Signe-Mary McKernan, and Sisi Zhang. "How much does the Supplemental Nutrition Assistance Program reduce food insecurity?." American journal of agricultural economics 93, no. 4 (2011): 1082-1098.
[18] Zhang, Sisi. "Recent trends in household income dynamics for the United States, Germany and Great Britain." Economics Bulletin 30, no. 2 (2010): 1154-1172.
Non-Referred Publications
Policy Reports
[1] Lerman, Robert and Sisi Zhang. 2014. “Do Homeownership and Rent Subsidies Protect Individuals from Material Hardship?” Research Report. The Urban Institute.
[2] Lerman, Robert and Sisi Zhang. 2013. “Coping with the Great Recession: Disparate Impacts on Economic Well-Being in Poor Neighborhoods”, Opportunity and Ownership Project Research Report No. 6. Washington, DC: The Urban Institute.
[3] Mills, Gregory and Sisi Zhang. 2013. “Social Support Networks and Their Effects on Hardship Avoidance among Low-income Households”. The Urban Institute.
[4] Feinberg, Robert, Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang. 2012. “What Explains Variation in Title Charges? A Study of Five Large Markets”, Washington, DC: U.S. Department of Housing and Urban Development.
[5] Signe-Mary McKernan, Caroline Ratcliffe, Margaret Simms, and Sisi Zhang. 2011. “Private Transfers, Race, and Wealth”, Opportunity and Ownership Project Research Report No. 5. Washington, DC: The Urban Institute.
[6] Margaret Simms, Nancy Pindus, Rachel Brash, Jessica Compton, Daniel Kuehn, and Sisi Zhang. 2011. “Meeting the Financial Education Needs of Postsecondary Students”, U.S. Department of Treasury.
[7] Marc Chan, Marios Michaelides, and Sisi Zhang. 2010. “Who Receives Unemployment Insurance?” U.S. Department of Labor.
[8] Jacob Beneus, Theodore Shen, Marc Chan, Benjamin Hansen, and Sisi Zhang. 2010. “Growing America through Entrepreneurship: Final Evaluation of Project GATE”, U.S. Department of Labor.
Policy Briefs and Fact Sheets
[1] McKernan, Signe-Mary, Caroline Ratcliffe, Eugene Steuerle, and Sisi Zhang. 2013. “Less than Equal: Racial Disparities in Wealth Accumulation”, Urban Institute Brief.
[2] Steuerle, Eugene, Signe-Mary McKernan, Caroline Ratcliffe, and Sisi Zhang. 2013. “Lost Generations? Wealth Building Among the Young”, Urban Institute Brief.
[3] Lerman, Robert and Sisi Zhang. 2012. “Weathering the Great Recession: Did High-Poverty Neighborhoods Fare Worse?” Pew Economic Mobility Project Issue Brief.
[4] Ratcliffe, Caroline and Sisi Zhang. 2012. “U.S. Asset Poverty and the Great Recession”. Opportunity and Ownership Facts No. 27. The Urban Institute.
[5] Signe-Mary McKernan, Caroline Ratcliffe, Margaret Simms, and Sisi Zhang. 2012. “Do Financial Support Contribute to the Racial Wealth Gap?”, Opportunity and Ownership Facts No. 26. Washington, DC: The Urban Institute.
[6] Feinberg, Robert, Daniel Kuehn, Signe-Mary McKernan, Doug Wissoker, and Sisi Zhang. 2012. “Comparing Home Closing Costs”, Opportunity and Ownership Facts No. 24. Washington, DC: The Urban Institute.
[7] Lerman, Robert, Eugene Steuerle, and Sisi Zhang. 2012. “Homeownership Policy at a Critical Juncture: Are Policymakers Overreacting to the Great Recession?” Opportunity and Ownership Project Brief No. 13. The Urban Institute.
[8] Mills, Gregory and Sisi Zhang. 2011. “Savings and Hardship Avoidance among Households Headed by People with Disabilities, Implications for SSI.” Low-income Working Families Fact Sheet. The Urban Institute.
Referee Activity
Economic Letters, Economic Journal, Economics and Human Biology, Frontiers of Economics in China, International Journal of Manpower, Journal of Economic Inequality, Journal of Economics, Race, and Policy, Journal of Integrative Agriculture, Journal of Labor Economics, Journal of Labor Research, Journal of Urban Economics, Regional Science and Urban Economics, Real Estate Economics, Social Forces, Social Problems