Senior and technology entrepreneurship: An analysis for OECD countries

Abstract

Aging of the population has created a direct effect on economies and tension on social security systems. Policymakers have been senior entrepreneurship as an option to reduce unemployment and delay the age of retirement. The positive effects, of creating a firm increase when is operating in technology-based sectors. This paper explores the technological and senior entrepreneurship relations, analyzing if age influences technological entrepreneurship and if determining factors for senior and non-senior groups are different. By using a sample of 8637 entrepreneurs in 22 OECD countries based on Global Entrepreneurial Monitor 2018 data, the results firstly show a negative effect of being a senior entrepreneur, understood as an entrepreneur aged 50+ years, on technological entrepreneurship. Secondly, it has been detected that in some way senior entrepreneurship follows a different pattern of the probability of entrepreneurship in technology sectors than the sample of the non-senior entrepreneurs.