Late-career entrepreneurship, income and quality of life

Kautonen, Teemu and Kibler, Ewald and Minniti, Maria (2017) Late-career entrepreneurship, income and quality of life. Journal of Business Venturing.

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Official URL: http://dx.doi.org/10.1016/j.jbusvent.2017.02.005

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.

Item Type: Journal Article
Keywords: entrepreneurship, ageing, quality of life
Faculty: Lord Ashcroft International Business School
Depositing User: Unnamed user with email teemu.kautonen@anglia.ac.uk
Date Deposited: 06 Mar 2017 14:28
Last Modified: 06 Mar 2017 14:28
URI: http://arro.anglia.ac.uk/id/eprint/701561

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