Although the number of registered unemployed individuals saw a rise of 160,000 persons last year as a result of the deep economic recession, the rate of unemployment did not increase as expected. While these favourable developments are being referred to as the “German Wunder” in other countries, this has little to do with a “Wunder.” What prevented a dramatic surge in the unemployment rate was the extensive use of the part-time work arrangements instrument. Dr. Holger Bonin, head of the Research Department “Labour Markets, Human Resources and Social Policy” at ZEW, analyses this policy instrument for the labour market and provides an outlook for the development of employment in 2010.
After obtaining his degree in economics, Dr. Holger Bonin received his doctoral degree from the University of Freiburg. He worked at the Institute of Labor Economics (IZA) and the German Institute for Economic Research (DIW) and has been head of the ZEW Research Department “Labour Markets, Human Resources and Social Policy” since 2007. As part of his research, Bonin investigates employment issues faced by low-skilled workers, the flexibility of wages, the economic consequences of an ageing population, migration, and the risk propensity of workers. He is a member of the standing field committee “Population Economics” of the economics association Verein für Sozialpolitik.