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Title: Different age effects by entrepreneur types: an investigation by US boomer entrepreneurs

Citation Type: Book, Section

Publication Year: 2019

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Abstract: US baby boomers, as a heterogeneous and particularly transformational cohort born between 1946 and I 964, are the large, unique post-World War 11 demographic cohort that rose with the knowledge economy and has been shaping the US economy since its birth. Skillful, educated, innovative and transformational, boomer entrepreneurs have literally transformed society. Without US boomer entrepreneurs like Steve Jobs, Bill Gates and JeJT Bezos, our society would not be what ii is Loday. As lhe boomer generation has aged, it is interesting to observe what has happened to its entrepreneurial prowess (Acs and Audretsch, 1990). As note.cl in Weber and Schaper (2004), some of the potential barriers faced by older entrepreneurs can include lower levels of energy and pro­ductivity, which could result in predominantly unproductive necessity or part-tirne entrepreneurs; however, boomer entrepreneurs might diJTer. This study focuses on the age eJTect for different entrepreneur types because the complexity of age effect on entrepreneurship could lie in nuanced entrepreneur types. The study focuses just on boomers for the following reasons: (1) this large cohort is aging with continued strong socioeconomic implications; (2) the knowledge economy equips aging boomers with better human, social and physical capital (Lee and Vouchilas, 2016) and enables them to continue to pursue outstanding entrepreneurial opportunities (Evans and Leighton, I 989; Blanchflower and Oswald, I 998) beyond the usual age of retirement; (3) compared to previous generations, boomers are more likely to be college graduates, be healthier, and have higher incomes (Lee and Vouchilas, 2016); (4) focusing on one generation elimi­nates confounding cross-generational noise to better understand senior entrepreneurs.

Url: https://books.google.com/books?hl=en&lr=lang_en&id=CanEDwAAQBAJ&oi=fnd&pg=PA192&dq=IPUMS+OR+%22Integrated+Public+Use%22&ots=ZWgKsg3Ok3&sig=ZRc_NHxWJmZqqU-fps9TwSMmgoA#v=onepage&q=IPUMS OR %22Integrated Public Use%22&f=false

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Authors: Zhang, Ting; Acs, Zoltan

Editors: Backman, Mikaela; Karlsson, Charlie; Kekezi, Orsa

Pages: 192-226

Volume Title: Handbook of research on Entrepreneurship and Aging

Publisher: Edward Elgar Publishing

Publisher Location: MA, USA

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Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

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