Silvia Castellazzi shows how companies can implement their corporate responsibility and support
employability and access to training in an incentive-compatible manner. The study provides
insights into unrealized cooperation and disincentives which prevent companies from investing
in a shared pool of employable and skilled people. The research draws on the theoretical
framework of the economic ethics and on in-depth interviews with key stakeholders in two
European countries. Findings show that incentives for investments in training are selective and
might reinforce path-dependencies and exclusion while not supporting cooperation and
productive competition. The study also shows the value of conceptualizing employability as a
social rather than a psychological contract to facilitate investments and the implementation of
corporate responsibility.
