Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
This article studies the implementation of a hiring credit aimed at small firms in France during the Great Recession. Using French administrative data, I estimate its effect on employment growth and worker flows in eligible firms more than two years after its end. The credit had a positive effect on employment growth due to more hires. Employment growth did not fall below its pre-treatment trends after the end of the credit, meaning created jobs were not transitory. The public cost per job created is 19% of its private cost in 2012.