Age matters: How demographics influence aggregate entrepreneurship

Moren Lévesque, Maria Minniti

Research output: Contribution to journalArticlepeer-review

111 Scopus citations


The age distribution of a population may influence aggregate entrepreneurship and economic growth. Because of rigidities in the mobility of resources and the substitutability of employment across age groups, countries whose populations are excessively skewed toward old or young cohorts may experience low levels of entrepreneurial activity. We develop a model characterizing the conditions sufficient for aggregate entrepreneurship to decrease as a population ages or becomes younger. At a time when poorer countries confront unprecedented increases in population and developed ones see their populations aging, we provide important insights on the relationship between demographic structure, aggregate entrepreneurship, and growth.

Original languageEnglish (US)
Pages (from-to)269-284
Number of pages16
JournalStrategic Entrepreneurship Journal
Issue number3
StatePublished - Sep 2011
Externally publishedYes


  • Age
  • Demographics
  • Economic growth
  • Employment choices
  • Entrepreneurial activity
  • Population structure

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics
  • Strategy and Management


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