Kautonen_et_al_2017.pdf (409.5 kB)
Late-career entrepreneurship, income and quality of life
journal contribution
posted on 2023-07-26, 14:03 authored by Teemu Kautonen, Ewald Kibler, Maria MinnitiLate-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
32Issue number
3Page range
318-333Publication title
Journal of Business VenturingISSN
0883-9026External DOI
Publisher
ElsevierFile version
- Published version
Language
- eng
Official URL
Legacy posted date
2017-03-06Legacy creation date
2017-03-05Legacy Faculty/School/Department
ARCHIVED Lord Ashcroft International Business School (until September 2018)Usage metrics
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