In the last few decades several efforts have been made in order to classify the different institutional models of the capitalist market economies. The core aim of these classification attempts has been to understand the processes of convergence and integration between the various models by reflecting to their differences and similarities. Most of the authors dealing with the issue focus on such institutions like the mode of coordination between the different social and economic actors, the characteristics of the labour market or the industrial relations, the financial environment of firms and the education system with a special emphasis on vocational education and training. Relatively less attention is, however, paid to higher education. In order to overcome this shortage, the authors of this contribution intend to investigate the converging and diverging institutional factors that influence the tertiary life-long learning (TLL) activities in the different THEMP countries (Czech Republic, Germany, Hungary, Italy, the Netherlands, Spain and the UK) with regard to those in their mid-life carriers. In doing so, the report provides a brief overview on the characteristics of the labour market and the skill formation systems of the countries investigated along with the presentation of their current TLL policies and practices and its financial aspects.