Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1019889 | Journal of Business Venturing | 2006 | 18 Pages |
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.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Moren Lévesque, Maria Minniti,