Boomer Entrepreneurs: Age and Type
56 Pages Posted: 20 Mar 2017 Last revised: 17 Nov 2017
Date Written: November 17, 2017
This study extends the occupational choice model to explore age effects for eight different types of boomer entrepreneurs. The empirical study relies on monthly Current Population Survey data across 11 years (2006-2016). Multilevel mixed-effects logistic regression models are estimated to incorporate individual- and metropolitan-level effects. Among boomer entrepreneurs, we find that novice, opportunity novice, part-time, and unincorporated entrepreneur rates rise at higher ages (55 and above), with a slightly n-shaped age effect for non-novice/switcher (versus novice/switcher), necessity novice (versus opportunity), full-time (versus part-time), and incorporated (versus unincorporated) boomer entrepreneurs. We also identify determinants such as race, health, marital status, education, and work history, with opposite effects for each pair of entrepreneur types, and end by comparing the driving forces for boomer and non-boomer entrepreneurs.
Note: This study was funded by the Ewing Marion Kauffman Foundation. The content of this study is solely the responsibility of the authors.
Keywords: Boomer entrepreneurs, novice boomer entrepreneurs, existing boomer entrepreneurs, necessity boomer entrepreneurs, opportunity boomer entrepreneurs, full-time boomer entrepreneurs, part-time boomer entrepreneurs, incorporated boomer entrepreneurs, unincorporated boomer entrepreneurs
JEL Classification: J24, L26
Suggested Citation: Suggested Citation