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

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  • Bin Wang
  • Yum K. Kwan

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.

Suggested Citation

  • Bin Wang & Yum K. Kwan, 2021. "Constructing the job‐finding rate and separation rate of Hong Kong labour market," Pacific Economic Review, Wiley Blackwell, vol. 26(3), pages 303-311, August.
    • Handle: RePEc:bla:pacecr:v:26:y:2021:i:3:p:303-311
    DOI: 10.1111/1468-0106.12333
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    References listed on IDEAS

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    3. Chung Yi Tse & Charles Ka Yui Leung & Weslie Yuk Fai Chan, 2002. "Unemployment and vacancy in the Hong Kong labour market," Applied Economics Letters, Taylor & Francis Journals, vol. 9(4), pages 221-229.
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