In "The Corrosion of Character" Richard Sennett contends that the storied nature of human experience is stunted by "conditions of the new economy". He argues that individuals are unable to develop "coherent life narratives" in the absence of job security. Thus, continuous employment somehow provides coherence: at…

This paper reviews the literature on job-related training and the effects of these investments for different groups of individuals. The paper also elaborates on the theories, empirical explanations, and policy implications that can be drawn from these findings. Employer-provided training is by far the most important source of further education and…