Senior and Technology Entrepreneurship: An Analysis for OECD Countries

Abstract

[Abstract] Aging of the population has created a direct effect on economies and tension onsocial security systems. Policymakers have been senior entrepreneurship as an optionto reduce unemployment and delay the age of retirement. The positive effects, ofcreating a firm increase when is operating in technology-based sectors. This paperexplores the technological and senior entrepreneurship relations, analyzing if ageinfluences technological entrepreneurship and if determining factors for senior andnon-senior groups are different. By using a sample of 8637 entrepreneurs in22 OECD countries based onGlobal Entrepreneurial Monitor2018 data, the resultsfirstly show a negative effect of being a senior entrepreneur, understood as an entre-preneur aged 50+years, on technological entrepreneurship. Secondly, it has beendetected that in some way senior entrepreneurship follows a different pattern of theprobability of entrepreneurship in technology sectors than the sample of the non-senior entrepreneurs