UNPACKING PSYCHOLOGICAL INEQUALITIES IN ORGANIZATIONS: PSYCHOLOGICAL CAPITAL RECONSIDERED
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Abstract
In this paper, we argue that psychological capital is unequally distributed among people from different social classes, ethnic backgrounds and genders. Con-fronting the limitations of the current, individualistic perspective on psychological capital, we offer a re-conceptualisation of the construct from a critical, interdisciplinary perspective, placing it at the inter-section of sociology and psychology. We discuss the various mechanisms through which social inequalities may cause differential access to psychological capital for members of low-and high-status social groups and show how this differential access to psychological capital results in and exacerbates social inequalities. By doing this, we postulate a recursive theory on psychological capital that both recognises the formative effect of socio-organisational structures on one's psychology and vice versa.