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These perceptions of inequity are perceptions of organizational justice, or more specifically, injustice. [citation needed] Subsequently, the theory has wide-reaching implications for employee morale, efficiency, productivity, and turnover. [citation needed] Equity theory has also been applied to intimate relationships.
[15] [16] [17] A problem of inequity aversion models is the fact that there are free parameters; standard theory is simply a special case of the inequity aversion model. Hence, by construction inequity aversion must always be at least as good as standard theory when the inequity aversion parameters can be chosen after seeing the data.
Inequity is injustice or unfairness or an instance of either of the two. [1] Aversion is "a feeling of repugnance toward something with a desire to avoid or turn from it; a settled dislike; a tendency to extinguish a behavior or to avoid a thing or situation and especially a usually pleasurable one because it is or has been associated with a noxious stimulus". [2]
Cumulative inequality theory or cumulative disadvantage theory is the systematic explanation of how inequalities develop. The theory was initially developed by Merton in 1988, [ 1 ] who studied the sciences and prestige.
The idea of organizational justice stems from equity theory, [10] [11] which posits that judgments of equity and inequity are derived from comparisons between one's self and others based on inputs and outcomes. Inputs refer to what a person perceives to contribute (e.g., knowledge and effort) while outcomes are what an individual perceives to ...
The hypothesis that economic inequality is a necessary precondition for economic growth has been a mainstay of liberal economic theory. Recent research, particularly over the first two decades of the 21st century, has called this basic assumption into question. [ 52 ]
A Micro-inequity is a small, often overlooked act of exclusion or bias that could convey a lack of respect, recognition, or fairness towards marginalized individuals. These acts can manifest in various ways, such as consistently interrupting or dismissing the contributions of a particular group during meetings or discussions.
Global warming is an example of intergenerational inequity, see climate justice. Intergenerational equity is often referred to in environmental contexts, as younger age cohorts will disproportionately experience the negative consequences of environmental damage.