Developed as a criticism of social exchange theory as SET fails to take balance into account and focuses mainly on cost and reward benefit.
An economic theory that acknowledges the cost and reward idea of a relationship but criticises SET as the role of equity is repeatedly ignored.
Equity does not mean "equal." It refers to the perception of whether the distribution of reward and cost is fair.
Hatfield
Elaine Hatifield - both partners' level of profit must be around the same
a lack of equity/fairness results in one partner being majorly over benefitted and one partner being underbenfitted.
Over benefitted people feel guilty and under benefitted people end up feeling angry and sad
Consequences of inequity
Changes in perceived equity - this refers to when we end up changing what we expect as a reward and a cost to make the relationship work
Dealing with inequity- usually when the underbenefitted partner is ready to make the relationship more equitable for themselves so long as they believe it is salvageable, for example, abuse now being accepted as the norm to save the relationship.
Research Support - Schafer + Keith (1980)
333marriedcouples (666 Ps)
Equity and inequity was examines as it occured in five main family roles
cooking
housekeeping
provider
companionship
parenting
During the child rearing stage, marital satisfaction went down and wives felt under benefitted. Husbands felt over.
During the honeymoon and emptynest stage, marital satisfaction increased again.
Supports the link of distress in r.s and inequality.
Limitation - Husenman et al
Individualdifferences- not all partners are concerned with equity and the theory does not account for individual differences.