Showing posts with label State debt. Show all posts
Showing posts with label State debt. Show all posts

Tuesday, April 6, 2010

Chris Edwards on unionization and state government debt


Not Social Security-related, but since it draws a bit on my work on state pension liabilities relative to state debt, this might be of interest. Cato's Chris Edwards runs a simple regression of the share of the state government workforce that is unionized on the state's debt/GDP ratio.

As it turns out, the relationship is pretty significant. Chris has a backstory on how it would play out, although I think it's also possible that a third variable drives both. Worth checking out in any case.
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