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Federal Reserve Bank of Cleveland: Employer Wage Subsidy Caps and Part-Time Work

Jan 10, 2021 - Targeted News Service

The Federal Reserve Bank of Cleveland issued the following working paper (No. WP 21-01) entitled "Employer Wage Subsidy Caps and Part-Time Work" on Jan. 6:

The paper was co-authored by Joel A. Elvery from the Federal Reserve Bank of Cleveland, C. Lockwood Reynolds and Shawn M. Rohlin from Kent State University.

Here are the excerpts:

Abstract

Hiring credits and employer wage subsidies are tools that policymakers have available to attempt to improve labor market conditions...