external inequity

the situation in which employers compensate employees at levels that are unfair in relation to the levels of compensation they would receive from other comparable employers. Compare internal inequity. See equity theory.

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Psychology term of the day

December 3rd 2024

full model

a statistical representation that includes all of the variables of interest, or all of the main parameters (e.g., regression coefficients), among a set of variables. For example, in structural equation modeling, a full model might include estimated regression parameters between a set of independent variables, mediators, and dependent variables. When there are as many parameters estimated in a full model as there are degrees of freedom, it is said to be a saturated model. Also called unrestricted model.