Work

Late-career entrepreneurship, income and quality of life

Year: 2017

Type: article

Abstract: Late-career transitions to entrepreneurship are discussed as a promising way to address some of the problematic implications of population aging. By extending employment choice theory to simultaneously account for career stage and for non-monetary rewards from entrepreneurship, we investigate how late-career transitions from organizational employment to entrepreneurship influence the returns from the monetary (income) and non-monetary (quality of life) components of an individual's utility. Using data from the English Longitudinal Study of Ageing, our empirical analysis shows that for late-career individuals, starting a business is positively associated with change in quality of life and negatively associated with change in income.

Source: Journal of Business Venturing

DOI: 10.1016/j.jbusvent.2017.02.005

Authors: Teemu Kautonen, Ewald Kibler, Maria Minniti

Institutions: Anglia Ruskin University, Aalto University, Syracuse University

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, No poverty

Open Access status: hybrid

Estimated APC paid: $4,130