Behaghel, Luc; Crépon, Bruno; Sédillot, Béatrice - Département Sciences Sociales, Agriculture et … - 2008
French firms laying off workers aged 50 and above have to pay a tax to the unemployment insurance system, known as the … measure since its introduction in 1987. A legislative change in 1992 exempted firms from the tax for workers who were hired … after age 50. Following this change, the transition rate from unemployment to employment increased significantly for workers …