The paper "The Concept of Employability" by Ronald W. McQuaid and Colin Lindsay explores the significance of the concept of 'employability' in labor market policy, both in the UK and internationally. The authors trace the historical development of the concept, discuss its current applications, and propose a broader framework for understanding employability. They argue that while the term is often used narrowly to refer to individual skills and attributes, this approach can lead to a hollowing out of the concept. Instead, they advocate for a holistic framework that considers individual factors, personal circumstances, and external factors, acknowledging the importance of both supply-side and demand-side factors. The paper highlights the need to address the interactive nature of employability, where individual characteristics and labor market conditions interact to influence an individual's ability to find and maintain employment. The authors conclude by presenting a comprehensive model of employability that integrates these various components, aiming to inform more effective labor market policies.The paper "The Concept of Employability" by Ronald W. McQuaid and Colin Lindsay explores the significance of the concept of 'employability' in labor market policy, both in the UK and internationally. The authors trace the historical development of the concept, discuss its current applications, and propose a broader framework for understanding employability. They argue that while the term is often used narrowly to refer to individual skills and attributes, this approach can lead to a hollowing out of the concept. Instead, they advocate for a holistic framework that considers individual factors, personal circumstances, and external factors, acknowledging the importance of both supply-side and demand-side factors. The paper highlights the need to address the interactive nature of employability, where individual characteristics and labor market conditions interact to influence an individual's ability to find and maintain employment. The authors conclude by presenting a comprehensive model of employability that integrates these various components, aiming to inform more effective labor market policies.