Late-career entrepreneurship, income and quality of life

By Teemu Kautonen, Ewald Kibler, Maria Minniti. 2017

209 citations recorded by the source corpus.

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.

Subfields: Demography, Economics and Econometrics, Management of Technology and Innovation

View Paper: https://www.semanticscholar.org/paper/642793e78039cb72cfb03e235ae4bac196210403

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In Demography

In Economics and Econometrics

In Management of Technology and Innovation

Citations in the corpus

Social support timing and persistence in nascent entrepreneurship: exploring when instrumental and emotional support is most effective (2017, background): “The effect of social support on firm emergence not only varies due to when it is received but also due to the individuals’ life stage (Gielnik et al. 2012; Minola et al. 2016; Kautonen et al. 2017) and age (Delmar and Davidsson 2000; Singh and DeNoble 2003).”
Can prosocial motivation harm entrepreneurs' subjective well-being? (2019, methodology): “Second, we expand recent research on entrepreneurship and well-being (Baron et al., 2016; Kautonen et al., 2017; Shir et al., 2018; Stephan, 2018) by elaborating on the role of entrepreneurs' prosocial motivation in their subjective well-being and by developing our understanding of the boundary cond”
Micro-entrepreneurship and subjective well-being: Evidence from rural Bangladesh (2019, background): “The invitation can be extended to the broader entrepreneurship research, which also has a tendency to focus on separate (even if measured using multi-item scales) subjective well-being outcomes (see e.g. Cardon and Patel, 2015; Stephan and Roesler, 2010; Benz and Frey, 2008; Johansson Sevä et al., 2”
Entrepreneurship, Self-Organization, and Eudaimonic Well-Being: A Dynamic Approach (2021, background): “Although several perspectives and assessments of wellbeing have been proposed (e.g., Hahn et al., 2012; Kautonen et al., 2017; Shir et al., 2019), the perspective and conceptualization of entrepreneurial wellbeing as a eudaimonic and dynamically evolving phenomenon has received comparatively little ”
Poverty and the varieties of entrepreneurship in the pursuit of prosperity (2020, background): “…to an extent that shocks are easier to absorb (Bruton et al., 2011), ameliorating prevailing health conditions through entrepreneurial action (Shepherd and Patzelt, 2015) or developing vital access to markets (Khavul et al., 2009) which may, taken together, expedite future prosperity expectations.”