The effect of aging on entrepreneurial behavior

Moren Lévesque; Maria Minniti

doi:10.1016/j.jbusvent.2005.04.003

The effect of aging on entrepreneurial behavior

Moren Lévesque, Maria Minniti

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

586 Scopus citations

Abstract

Empirical evidence shows that younger individuals are more likely to start a new firm than older ones. As a result, the age distribution of a population may be important for the rate of new firm creation. Building upon Becker's theory of time allocation, we present a model in which individuals select a career path according to the dynamic interplay of age, wealth and risk aversion. Our analysis complements existing literature on the motivations of entrepreneurial behavior and discusses the potential implications of age for individuals' employment status choices.

Original language	English (US)
Pages (from-to)	177-194
Number of pages	18
Journal	Journal of Business Venturing
Volume	21
Issue number	2
DOIs	https://doi.org/10.1016/j.jbusvent.2005.04.003
State	Published - Mar 2006
Externally published	Yes

Keywords

Aging
Career choice
Decision model
Entrepreneurship
Time allocation

ASJC Scopus subject areas

Business and International Management
Management of Technology and Innovation

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10.1016/j.jbusvent.2005.04.003

Cite this

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title = "The effect of aging on entrepreneurial behavior",

abstract = "Empirical evidence shows that younger individuals are more likely to start a new firm than older ones. As a result, the age distribution of a population may be important for the rate of new firm creation. Building upon Becker's theory of time allocation, we present a model in which individuals select a career path according to the dynamic interplay of age, wealth and risk aversion. Our analysis complements existing literature on the motivations of entrepreneurial behavior and discusses the potential implications of age for individuals' employment status choices.",

keywords = "Aging, Career choice, Decision model, Entrepreneurship, Time allocation",

author = "Moren L{\'e}vesque and Maria Minniti",

note = "Funding Information: We thank Roger Koppl, all participants to the 2003 Lally-Darden Retreat, and two anonymous referees for their helpful comments and suggestions. Maria Minniti gratefully acknowledges financial support from the Glavin Center for Global Management and the A. Blank Center for Entrepreneurship Studies. All errors are ours. ",

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AU - Minniti, Maria

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N2 - Empirical evidence shows that younger individuals are more likely to start a new firm than older ones. As a result, the age distribution of a population may be important for the rate of new firm creation. Building upon Becker's theory of time allocation, we present a model in which individuals select a career path according to the dynamic interplay of age, wealth and risk aversion. Our analysis complements existing literature on the motivations of entrepreneurial behavior and discusses the potential implications of age for individuals' employment status choices.

AB - Empirical evidence shows that younger individuals are more likely to start a new firm than older ones. As a result, the age distribution of a population may be important for the rate of new firm creation. Building upon Becker's theory of time allocation, we present a model in which individuals select a career path according to the dynamic interplay of age, wealth and risk aversion. Our analysis complements existing literature on the motivations of entrepreneurial behavior and discusses the potential implications of age for individuals' employment status choices.

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KW - Career choice

KW - Decision model

KW - Entrepreneurship

KW - Time allocation

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The effect of aging on entrepreneurial behavior

Abstract

Keywords

ASJC Scopus subject areas

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