The effect of aging on entrepreneurial behavior
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...
Paper Details
Title
The effect of aging on entrepreneurial behavior
Published Date
Mar 1, 2006
Volume
21
Issue
2
Pages
177 - 194
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