Stock-flow model for forecasting labor supply

Chun Pong Sing, P. E.D. Love, C. M. Tam

Research output: Journal article publicationJournal articleAcademic researchpeer-review

16 Citations (Scopus)

Abstract

Forecasting the supply of labor in the construction industry is pivotal to long-term economic growth. A labor supply model using a stock-flow approach was developed in this research for use in the construction industry. The model was tested using Hong Kong census statistics and data derived from interviews with 3,000 randomly selected construction workers. The findings were determined using a stock-flow model, which enabled the determination of future aging distribution trends and workforce supply for specific trade types. The developed stock-flow model can be effectively used in countries in which registration schemes for construction workers are in use.
Original languageEnglish
Pages (from-to)707-715
Number of pages9
JournalJournal of Construction Engineering and Management
Volume138
Issue number6
DOIs
Publication statusPublished - 1 Jun 2012
Externally publishedYes

Keywords

  • Forecasting
  • Hong Kong
  • Labor supply
  • Stock-flow model

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Building and Construction
  • Industrial relations
  • Strategy and Management

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