The effect of aging on entrepreneurial behavior |
| |
| Affiliation: | 1. Deusto Business School, University of Deusto, Spain;2. Division of Economics & Business, Colorado School of Mines, USA;3. School of Management, University of Bath, United Kingdom;4. Universidad de Desarrollo, Chile;5. Reykjavik University, Iceland;1. Copenhagen Business School, Kilevej 14a, 3rd floor, 2000 Frederiksberg, Denmark;2. Symbion Entrepreneurial Learning Lab, Fruebjergvej 3, 2100 Copenhagen, Denmark;3. Stockholm School of Economics, P.O. Box 6501, 11383 Stockholm, Sweden;4. The Ratio Institute, P.O. Box 3203, 10364 Stockholm, Sweden;5. Wisconsin School of Business, University of Wisconsin-Madison, 975 University Ave, Madison, WI 53706, United States |
| |
| 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: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
