Title: Enablers of senior entrepreneurial activity across Chile: an analysis using individual-level GEM data

Authors: Alfonso Jesús Torres-Marín; Karla Soria-Barreto; Marcelo Leporati

Addresses: Business Administration Department, UNIE, Universidad Internacional de la Empresa, Madrid, Spain; Research Department, EAE Business and Marketing School, Madrid, Spain ' Escuela de Ciencias Empresariales, Universidad Católica del Norte, Coquimbo, Chile ' Research Department, EAE Business School, Madrid, Spain

Abstract: The aim of this research is to identify the internal factors that lead seniors to start a new entrepreneurial venture in Chile, according to their different motivations (necessity or opportunity) and to understand the differences between high-and low-income regions. The analysis is based on individual data from the Adult Population Survey of the Global Entrepreneurship Monitor. The sample uses information on people aged over 55 years in Chile between 2016 and 2018. A logistic regression analysis to test the influence of several internal factors on the propensity to engage in total early-stage entrepreneurial activity (TEA) was performed. The research quantifies the different impacts that income, education, gender, social values, attitudes and perceptions have on the probability of senior entrepreneurial activity across different regions in Chile, according to entrepreneurs' motivation. This paper will help governments to configure policies to support entrepreneurial activity in the senior demographic segment, considering regional and motivational differences.

Keywords: senior entrepreneurship; silver economy GEM; regional entrepreneurship; entrepreneurship in Chile; opportunity and necessity entrepreneurship.

DOI: 10.1504/IJESB.2024.141997

International Journal of Entrepreneurship and Small Business, 2024 Vol.53 No.3, pp.396 - 419

Received: 20 Jul 2021
Received in revised form: 24 Nov 2021
Accepted: 22 Aug 2022
Published online: 07 Oct 2024 *

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