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

Bin Wang and Yum K. Kwan

Pacific Economic Review, 2021, vol. 26, issue 3, 303-311

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.

Date: 2021
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https://doi.org/10.1111/1468-0106.12333

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