Late-career entrepreneurship, income and quality of life

作者：Teemu Kautonen, Ewald Kibler, Maria Minniti · 发表于：Journal of Business Venturing · 年份：2017 · DOI：10.1016/j.jbusvent.2017.02.005 · 被引用次数：263 · 研究领域：Entrepreneurship Studies and Influences、Retirement, Disability, and Employment、Labor market dynamics and wage inequality

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.