Technology Adoption and Product Innovation by Third-Age Entrepreneurs: Evidence from GEM Data

Ana Colovic (), Olivier Lamotte and Manoj Chandra Bayon ()
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Ana Colovic: NEOMA Business School
Manoj Chandra Bayon: Pontificia Universidad Javeriana, Facultad de Ciencias Económicas y Administrativas

A chapter in Handbook of Research on Elderly Entrepreneurship, 2019, pp 111-124 from Springer

Abstract: Abstract While innovation remains a focus of policymakers, very little is known about how older entrepreneurs adopt new technology or introduce new products. Similarly, demographic studies of entrepreneurship are mostly interested in non-age-related demographic influences on entrepreneurial behavior. In this study we examine how age influences the choice of innovative entrepreneurship by considering both technology adoption and product innovation by those who enter entrepreneurship late in their career (over 50 years old). Our results suggest that as in other spheres of life, third-age entrepreneurs tend to lag behind their younger counterparts in technology adoption and innovation. This is extremely significant as, due to the aging population in many countries, it could have serious consequences for the overall development and growth of high impact entrepreneurship. We suggest some measures to address this issue.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-13334-4_7

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DOI: 10.1007/978-3-030-13334-4_7

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