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Late-career entrepreneurship, income and quality of life

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posted on 2023-07-26, 14:03 authored by Teemu Kautonen, Ewald Kibler, Maria Minniti
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.

History

Refereed

  • Yes

Volume

32

Issue number

3

Page range

318-333

Publication title

Journal of Business Venturing

ISSN

0883-9026

Publisher

Elsevier

File version

  • Published version

Language

  • eng

Legacy posted date

2017-03-06

Legacy creation date

2017-03-05

Legacy Faculty/School/Department

ARCHIVED Lord Ashcroft International Business School (until September 2018)

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