Late-career entrepreneurship, income and quality of life

Teemu Kautonen; Ewald Kibler; Maria Minniti

doi:10.1016/j.jbusvent.2017.02.005

Late-career entrepreneurship, income and quality of life

Teemu Kautonen, Ewald Kibler, Maria Minniti

Whitman School of Management

Research output: Contribution to journal › Article › peer-review

145 Scopus citations

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.

Original language	English (US)
Pages (from-to)	318-333
Number of pages	16
Journal	Journal of Business Venturing
Volume	32
Issue number	3
DOIs	https://doi.org/10.1016/j.jbusvent.2017.02.005
State	Published - May 1 2017

ASJC Scopus subject areas

Business and International Management
Management of Technology and Innovation

Access to Document

10.1016/j.jbusvent.2017.02.005

Cite this

@article{d3ab11a138f84268b5f3a692e84957f5,

title = "Late-career entrepreneurship, income and quality of life",

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.",

author = "Teemu Kautonen and Ewald Kibler and Maria Minniti",

note = "Publisher Copyright: {\textcopyright} 2017 The Authors",

year = "2017",

month = may,

day = "1",

doi = "10.1016/j.jbusvent.2017.02.005",

language = "English (US)",

volume = "32",

pages = "318--333",

journal = "Journal of Business Venturing",

issn = "0883-9026",

publisher = "Elsevier",

number = "3",

}

TY - JOUR

T1 - Late-career entrepreneurship, income and quality of life

AU - Kautonen, Teemu

AU - Kibler, Ewald

AU - Minniti, Maria

PY - 2017/5/1

Y1 - 2017/5/1

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=85014195471&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85014195471&partnerID=8YFLogxK

U2 - 10.1016/j.jbusvent.2017.02.005

DO - 10.1016/j.jbusvent.2017.02.005

M3 - Article

AN - SCOPUS:85014195471

SN - 0883-9026

VL - 32

SP - 318

EP - 333

JO - Journal of Business Venturing

JF - Journal of Business Venturing

IS - 3

ER -

Late-career entrepreneurship, income and quality of life

Abstract

ASJC Scopus subject areas

Access to Document

Other files and links

Fingerprint

Cite this