“…Recently, several scholars have pointed out that the notion of a simplified dichotomy between general and specific skills, as conceptualised within the framework of Asset Theory adopted in the Varieties of Capitalism approach, lacks analytical rigour in capturing differences in the skills provided by ETS (Busemeyer, 2009;Busemeyer and Trampusch, 2012;Iversen and Stephens, 2008;Streeck, 2012). This is because in many applications three dimensions are locked in the dichotomous distinction of general and specific skills, namely level, breath and portability, and as a result, these dimensions are expected to co-vary in a way that general (academic) skills are assumed to be high, broad and transferable, whereas specific skills are held to be low, narrow and immobile.…”