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

Research output: Journal Publications and Reviews (RGC: 21, 22, 62)21_Publication in refereed journalpeer-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

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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