Constructing the job-finding rate and separation rate of Hong Kong labour market

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

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Detail(s)

Original languageEnglish
Pages (from-to)303-311
Journal / PublicationPacific Economic Review
Volume26
Issue number3
Online published9 Jun 2020
Publication statusPublished - Aug 2021

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DOI

DOI
Check@CityULib
Link to Scopus https://www.scopus.com/record/display.uri?eid=2-s2.0-85086172822&origin=recordpage
Permanent Link https://scholars.cityu.edu.hk/en/publications/publication(604ce7c3-5e61-47f5-9ee0-3dc01347bfda).html

Abstract

This paper constructs two essential time series of the aggregate labour market in Hong Kong: the job-finding rate and the separation rate. The average job-finding rate per month is 27.54% while the average separation rate per month is 1.29%. These numbers are similar to those for Nordic and Anglo-Saxon countries. Variance decomposition shows that the separation rate contributes to more than half the variation of the unemployment rate.

Research Area(s)

  • UNEMPLOYMENT, DYNAMICS

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Publication fingerprints text

100
Labor Market Economics, Econometrics a...
100
Hong Kong Keyphrases
100
Separation Rate Keyphrases
100
Job-finding Rate Keyphrases
100
market INIS
100
hong kong INIS
100
labor INIS
50
Time Series Economics, Econometrics a...
50
Measure of Dispersi... Economics, Econometrics a...
50
Unemployment Economics, Econometrics a...
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Citation Format(s)

[ RIS ] [ BibTeX ]
Constructing the job-finding rate and separation rate of Hong Kong labour market. / Wang, Bin; Kwan, Yum K.
In: Pacific Economic Review, Vol. 26, No. 3, 08.2021, p. 303-311.

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review