Ageing and entrepreneurial preferences

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dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorKautonen, Teemu
dc.contributor.authorDown, Simon
dc.contributor.authorMinniti, Maria
dc.contributor.departmentJohtamisen laitosfi
dc.contributor.departmentDepartment of Management Studiesen
dc.contributor.labEntrepreneurshipen
dc.contributor.labYrittäjyysfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2015-06-09T09:00:49Z
dc.date.available2015-06-09T09:00:49Z
dc.date.issued2014
dc.description.abstractPrevious research on age and entrepreneurship assumed homogeneity and downplayed age-related differences in the motives and aims underlying enterprising behaviour. We argue that the heterogeneity of entrepreneurship influences how the level of entrepreneurial activity varies with age. Using a sample of 2566 respondents from 27 European countries we show that entrepreneurial activity increases almost linearly with age for individuals who prefer to only employ themselves (self-employers), whereas it increases up to a critical threshold age (late 40s) and decreases thereafter for those who aspire to hire workers (owner-managers). Age has a considerably smaller effect on entrepreneurial behaviour for those who do not prefer self-employment but are pushed into it by lack of alternative employment opportunities (reluctant entrepreneurs). Our results question the conventional wisdom that entrepreneurial activity declines with age and suggest that effective responses to demographic changes require policy makers to pay close attention to the heterogeneity of entrepreneurial preferences.en
dc.description.versionPeer revieweden
dc.format.extent579-594
dc.format.mimetypeapplication/pdfen
dc.identifier.citationKautonen, Teemu & Down, Simon & Minniti, Maria. 2014. Ageing and entrepreneurial preferences. Small Business Economics. Volume 42, Issue 3. 579-594. DOI: 10.1007/s11187-013-9489-5.en
dc.identifier.doi10.1007/s11187-013-9489-5
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/16535
dc.identifier.urnURN:NBN:fi:aalto-201506063174
dc.language.isoenen
dc.publisherSpringer Science + Business Mediaen
dc.relation.ispartofseriesSmall Business Economicsen
dc.relation.ispartofseriesVolume 42, Issue 3
dc.rights© 2014 Springer Science + Business Media. This is the post print version of the following article: Kautonen, Teemu & Down, Simon & Minniti, Maria. 2014. Ageing and entrepreneurial preferences. Small Business Economics. Volume 42, Issue 3. 579-594. DOI: 10.1007/s11187-013-9489-5, which has been published in final form at http://link.springer.com/article/10.1007/s11187-013-9489-5.en
dc.rights.holderSpringer Science + Business Media
dc.subject.keywordageen
dc.subject.keywordentrepreneurshipen
dc.subject.keywordself-employmenten
dc.subject.keywordpreferenceen
dc.subject.keyworddemographic changeen
dc.subject.otherEconomicsen
dc.subject.otherEntrepreneurshipen
dc.titleAgeing and entrepreneurial preferencesen
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
dc.type.dcmitypetexten
dc.type.versionPost printen
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