Sociology / Soc 1150 · Atom · ~20 seconds
Exchange Theory of Aging
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Exchange theory of aging holds that as people age they have fewer resources to offer in return, increasing their dependence on others' goodwill.
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An elder who manages an inheritance or provides child care retains leverage in relationships that exchange theory predicts would otherwise weaken.
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Critics argue the theory overweights material exchange and undervalues nonmaterial bonds such as love and loyalty.