Senior entrepreneurship following unemployment: a social identity theory perspective

dc.contributor.authorSoto‑Simeone, Aracely
dc.contributor.authorKautonen, Teemu
dc.date.accessioned2021-08-10T21:03:33Z
dc.date.available2021-08-10T21:03:33Z
dc.date.issued2021
dc.description.abstractThis article applies social identity theory to examine how identifcation with social groups shapes the entrepreneurial endeavours of individuals aged 50 or over who start businesses when unemployed or under threat of redundancy. Understanding what drives older individuals to start a business as an alternative to unemployment has important policy implications: governments are interested in promoting self-employment to reduce benefts dependence among older individuals for whom fnding employment in the traditional labour market can be difcult. Our exploratory analysis is based on data collected in 21 personal interviews with senior entrepreneurs in the UK who received support from an organisation dedicated to foster enterprising activity among older unemployed people. Our fndings suggest that income levels beyond making ends meet is not an important motive for starting a business among this demographic group. Instead, our data highlight the relevance of non-monetary self-rewards—such as pursuit of autonomy, self-realisation, and wanting to feel active, useful and valuable—for senior entrepreneurs who start businesses under adverse conditions. This fnding resonates with the European Commission’s policy of promoting ‘active ageing’. Our analysis indicates non-monetary objectives should be included in any conceptualisation of self-interest in an entrepreneurial context.es
dc.identifier.citationReview of Managerial Science, 2021, vol.15:1683–1706es
dc.identifier.urihttps://doi.org/10.1007/s11846-020-00395-zes
dc.identifier.urihttp://hdl.handle.net/11447/4278
dc.language.isoenes
dc.subjectEntrepreneurshipes
dc.subjectAgeinges
dc.subjectSocial identityes
dc.subjectQualitative methodses
dc.subjectSenior entrepreneurshipes
dc.subjectUnemploymentes
dc.titleSenior entrepreneurship following unemployment: a social identity theory perspectivees
dc.typeArticlees

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