Late-career entrepreneurship, income and quality of life

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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date

2017-05

Department

Department of Management Studies

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Language

en

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Journal of Business Venturing, Volume 32, issue 3, pp. 318-333

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.

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Keywords

Entrepreneurship, Aging, quality of life, income

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DOI

10.1016/j.jbusvent.2017.02.005

Citation

Kautonen, T, Kibler, E & Minniti Koppl, M 2017, ' Late-career entrepreneurship, income and quality of life ', Journal of Business Venturing, vol. 32, no. 3, pp. 318-333 . https://doi.org/10.1016/j.jbusvent.2017.02.005

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https://urn.fi/URN:NBN:fi:aalto-201703213090

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[article-cris] Kauppakorkeakoulu / BIZ