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Abstract Almost half a century ago, Homans (1958: 597-8) wrote “[exchange] ... is one of the oldest theories of social behavior, and one that we still use every day to interpret our own behavior ... [but] this view has been much neglected by social scientists.” Presently, social exchange is a dominant theoretical framework used to examine the employment relationship as exemplified by research on psychological contracts (Rousseau 1995) and perceived organizational support (Eisenberger et al. 1986) and its consequences on employee attitudes and behavior.
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