Acknowledgements -- Foreword looking back in order to look forward / Ken Roberts -- Understanding the changing youth labour market -- From the "golden age" to neo-liberalism -- The great transformation and the punitive turn -- Towards a new normality : work and unemployment in contemporary...

This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....