Business, Management and Accounting
4 years ago

Older workers thriving in entrepreneurship, shaping future of labor markets

ERSA conference papers
Self-employment transitions at older ages in different local labor markets
Hannu Tervo, Hannu Niittykangas

Paper Summary

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The article explores why older people in Finland start their own businesses. Factors like age, health, and region influence their decision. The researchers used data from 1998 to 2004 to study workers aged 55-74. They found that regions with a strong tradition of entrepreneurship are more likely to have older people start their own businesses. Previous experience in entrepreneurship also plays a role in this decision.