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Inequity aversion (IA) is the preference for fairness and resistance to incidental inequalities. [1] The social sciences that study inequity aversion include sociology, economics, psychology, anthropology, and ethology. Researchers on inequity aversion aim to explain behaviors that are not purely driven by self-interests but fairness ...
Social inequality is linked to economic inequality, usually described as the basis of the unequal distribution of income or wealth. Although the disciplines of economics and sociology generally use different theoretical approaches to examine and explain economic inequality, both fields are actively involved in researching this inequality
In 1968, H. George Frederickson articulated "a theory of social equity" and put it forward as the 'third pillar' of public administration. [6] Frederickson was concerned that those in public administration were making the mistake of assuming that citizen A is the same as citizen B; ignoring social and economic conditions.
Types of social preferences include altruism, fairness, reciprocity, and inequity aversion. [2] The field of economics originally assumed that humans were rational economic actors, and as it became apparent that this was not the case, the field began to change.
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.
Global share of wealth by wealth group, Credit Suisse, 2021 Share of income of the top 1% for selected developed countries, 1975 to 2015. Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is ...
The authors argue inequality leads to the social ills through the psychosocial stress, status anxiety it creates. [51] A 2011 report by the International Monetary Fund by Andrew G. Berg and Jonathan D. Ostry found a strong association between lower levels of inequality and sustained periods of economic growth. Developing countries (such as ...
The theory is principally a social scientific explanation of phenomena but with links to biological and health factors, personal adjustment, and well-being. A central premise is that "social systems generate inequality, which is manifested over the life course via demographic and developmental processes."