equity theory

• What is the equity theory in economics?

  It is a theory about fairness in relationships
• What does equity theory respond to?

  Significant criticism of social exchange theory
• What does SET stand for?

  Social Exchange Theory
• What are the key components of equity theory?

  Maximizing rewards and minimizing costs
• How does equity theory differ from profit in relationships?

  It focuses on fairness rather than profit
• What does the term 'equity' mean in equity theory?

  It means fairness in relationships
• According to Elaine Walster and her colleagues, what matters most in equity?

  Both partners' levels of profit are roughly the same
• How does equity theory define fairness?

  As equal costs and rewards for each partner
• What happens when there is a lack of equity in a relationship?

  One partner benefits more than the other
• What does equity theory suggest about dissatisfaction?

  It leads to feelings of dissatisfaction and unhappiness
• How does perceived fairness relate to satisfaction?

  Perceived fairness affects overall satisfaction levels
• What is the significance of the ratio of rewards to costs in equity theory?

  It determines the perceived fairness in relationships
• If one partner puts in more effort but receives less reward, what might they feel?

  They may feel dissatisfied and unappreciated
• What is the relationship between equity and perceived fairness?

  Equity is about perceived fairness in relationships
• How does equity theory explain feelings of guilt in relationships?

  Overbenefited partners may feel guilt and discomfort
• What does equity theory suggest about domestic tasks in relationships?

  Equal distribution of domestic tasks is ideal
• What is a potential outcome of inequity in relationships?

  Feelings of resentment and frustration
• If one partner consistently does more work, what might they expect?

  They might expect more recognition and rewards
• How does equity theory relate to overall relationship satisfaction?

  Higher equity leads to greater relationship satisfaction
• What might happen if one partner feels overbenefited?

  They may experience guilt and discomfort
• In a relationship where one partner works nights, how might equity be affected?

  It may lead to unequal distribution of tasks
• What are the key concepts of equity theory?

  • Fairness in relationships
  • Maximizing rewards and minimizing costs
  • Perceived fairness affects satisfaction
  • Inequity leads to dissatisfaction
• What are the implications of equity theory in relationships?

  • Partners should have similar levels of profit
  • Lack of equity can lead to resentment
  • Overbenefited partners may feel guilt
  • Underbenefited partners may feel dissatisfaction
• What happens when partners feel dissatisfied in a relationship?

  They are likely to feel dissatisfied.
• In a relationship, what can happen if one partner works night shifts?


  They cannot cook the children's tea.
• What is the effect of an unequal distribution of domestic tasks?

  It may not be seen as fair by either partner.
• What can lead to feelings of dissatisfaction in a relationship?

  Unequal distribution of domestic tasks.
• What do negotiations in relationships aim to ensure?

  Equity in the relationship.
• What do rewards in a relationship refer to?

  Benefits distributed fairly between partners.
• What is a consequence of perceived inequity in a relationship?

  It can lead to distress for the partner.
• What happens when one partner invests significantly in a relationship?

  They may feel distressed if inequity arises.
• How does perceived equity affect partners in a relationship?

  It influences their satisfaction levels.
• What can happen if a relationship continues with perceived inequity?

  It can lead to ongoing dissatisfaction.
• What is the relationship between perceived equity and satisfaction?

  Greater perceived equity leads to greater satisfaction.
• What is a potential outcome of a partner feeling overburdened?

  They may feel distressed and dissatisfied.
• What can lead to a partner feeling less satisfied over time?

  Changes in perceived equity.
• What does a partner's perception of equity influence?

  Their overall satisfaction in the relationship.
• How does the perception of equity change over time?

  It can fluctuate based on contributions.
• What can happen if partners continue to invest in an inequitable relationship?

  They may feel increasingly dissatisfied.
• What is a sign of a healthy relationship regarding equity?


  Fair distribution of tasks and rewards.