…all coefficients indicate a very strong negative relationship between public- and private-sector employment rates. For example, 100 new public jobs crowd out 98 private job… Taken together with the unemployment results, public employment just about fully crowds out private-sector employment regardless of the definition, such that a rise in government hiring would be offset by decreases in private employment… Regressions of unemployment on public employment and of private employment on public employment, each of which is based on two definitions of public employment, find robust evidence that public employment crowds out private employment. …Public-sector hiring: (i) does not reduce unemployment, (ii) increases the fiscal burden, and (iii) inhibits long-term growth through reductions in private-sector employment. Together, this would imply that public hiring is detrimental to long term fiscal sustainability.
Där ser man. Kunde man i och för sig ha räknat ut på förhand.
Jag rekommenderar Dan Mitchells blogg. Han publicerar nästan dagligen intressanta fynd som på alla möjliga sätt och vis visar att frihet främjar välståndsskapande—och vice versa.