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date: 04 March 2021

Abstract and Keywords

This chapter provides an overview of the key factors shaping individuals’ skill formation challenges and options by referring to the growing literature of ‘Transitional Labour Markets’ (TLMs) that examines the changing links between work and life beyond standard employment relationships. It starts by clarifying the key problems that must be addressed for understanding the skill formation challenges and highlights the need for a life course as opposed to a life cycle framing of the issue. A short overview of the TLM approach and a brief sketch of the main challenges of skill-capacity formation over the life course in Europe follow. The bulk of the chapter then examines the key issue of how risks associated with investing in the development of individuals’ skills capacities are shared. The paper concludes by reflecting on the utility of seeing working life as being centrally concerned with lifelong learning.

Keywords: Europe, life course, lifelong learning, risk sharing, skill capacities, skill formation, standard employment relationship, Transitional Labour Market (TLM)

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