CLEVELAND, Ohio, Sept. 11 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 26-20) on Aug. 24, 2026 by Gero Stiepelmann and Johannes Weber entitled "Carrots or Sticks? Short-Time Work vs. Layoff Taxes."

Here are excerpts:

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While unemployment insurance systems are widely used to insure workers against income losses after separations, it is well known that they can inefficiently increase separations in the . . .

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