Developmentally grounded research on norms for social exchange in adul
t relationships is equivocal, and rife with theoretical and methodolog
ical inconsistencies. We examined the applicability of three theoretic
al perspectives to specific relationships differing in self-perceived
closeness in three group s of adults. Participants were first year (n
= 37, M-Age, = 19.1 years) and fourth year (n = 42, M-Age = 22.1 years
) undergraduates, and retired teachers (n, = 42, M-Age, = 66.8 years).
We find considerable similarity among the three age groups on exchang
e norms and reciprocity expectations, despite considerable differences
in sources of supportive relationships. Results indicate greatest sup
port for exchange based upon need over either equity or social exchang
e perspectives, with this being especially true for very close relatio
nships. Older adults report relationships operating to a greater exten
t on expectations for long-term over short-term reciprocity than young
adults. Findings highlight the importance of considering, intra-indiv
idual variation in exchange norms and expectations for reciprocity.