SUMMARY
This study revealed that there are three major perspectives in explaining the identity and identity formation. The first one is social identity theory where the founders see the group membership as the driving force for identity formation. The next theory is identity theory, in which the roles that are assigned to individuals are deemed as the major source for energy to identity formation. The last theory talks about the importance of personal values in explaining the identity and identity formation process (personal identity theory). This paper will talk about three of them separately and in the end the need to merge these theories will be stressed.