Encyclopedia of Business and Professional Ethics

Living Edition
| Editors: Deborah C Poff, Alex C. Michalos

Wealth Equity

  • Samuel M. NataleEmail author
  • Anthony F. Libertella
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-23514-1_82-1

Synonyms

Description

Wealth equity is defined as the measurement of financial and economic well-being among and between groups and countries as well as individuals. It is the measurement of the wealth gap between the “haves” and the “have nots.”

Wealth Equity

The classic study by Williams (1976) delineates wealth as tied to well-being in personal and societal venues. Wealth is used as reference to one’s control of material goods and currency, which subsequently creates a feeling of complete contentment. The Oxford English dictionary defines the term equity as “the quality of being fair and impartial,” whereby individuals are treated as equals in a just and equitable manner (Equity n.d.). There are references to equity in relation to the call for equal rights and status as far back as the age of exploration (Williams 1976). In contemporary terms, the word “equity” seems to be associated directly with a mode of existence and as an...

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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Robert. B. Willumstad School of BusinessAdelphi UniversityNew YorkUSA

Section editors and affiliations

  • Anthony F. Libertella
    • 1
  • Samuel Natale
    • 2
    • 3
  1. 1.Willumstad School of BusinessAdelphi UniversityNew YorkUSA
  2. 2.Adelphi UniversityNew YorkUSA
  3. 3.Visiting Fellow, School of Education, University of Cambridge, England Division of Educational Leadership, Policy, Evaluation & Change (ELPEC) academic groupCambridge UniversityCambridgeUK