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Interesting line of thought; another POV that emerged during a late-night discussion a while ago, was to look at the percentage of people that work in public se
by ToJans 5y ago
Interesting line of thought; another POV that emerged during a late-night discussion a while ago, was to look at the percentage of people that work in public service in each country.
We assumed that, the closer the percentage was to the median, the more risk-averse people would be (assuming the median represents some optimal size for the government).
We never validated the idea though; I'm quite curious to see how that would hold up after verification.
- eyko 5y agoI used to think so as well, but someone pointed out to me that Germany has a similar % of public sector jobs as the USA, and Spain is not that much higher, and all seem to be shrinking. Belgium on the other hand seems to be stable at 21% (21.5% 2013, 21.1% 2019) so it would seem to fit the hypothesis :-). I still think that it's a contributing factor, but perhaps it's more of a symptom and less of a factor. https://en.wikipedia.org/wiki/List_of_countries_by_public_sector_size https://en.wikipedia.org/wiki/List_of_countries_by_public_se...