Overview

The study of elderly entrepreneurship and its potential impact on labor, Social Security funds and regional economic growth is of significant importance, particularly for the US economy where population aging coincidentally intersects with the economic shift to a knowledge economy . On the one hand, aging, combined with a declining average retirement age, is expected to result in labor force shortages and Social Security fund exhaustion; yet on the other hand, the knowledge economy could elevate the value of elderly human capital as the knowledge economy is less physically demanding and more human-capital- and knowledge-based.Building on the utility maximization theory, economic growth theories and social theories of aging, this timely book addresses the old-age effect on entrepreneurial propensity; the sources of seniors' entrepreneurship, including the social and policy variables affecting seniors' entrepreneurship; and the economic, fiscal and labor impacts of elderly entrepreneurship.Contents: Socioeconomic Background: Aging Population, Resulted Labor and Fiscal Crises, and the Possible SolutionsElderly Entrepreneurship to Sustain the Labor Force: Possibilities and NecessitiesLiterature Review: Previous StudiesTheoretical FrameworkAge and EntrepreneurshipSocial and Policy Factors for Elderly EntrepreneurshipRegional Distribution of Elderly EntrepreneurshipThe Impact of Elderly Entrepreneurship on Metropolitan Economic GrowthThe Labor and Social Security Impacts of Elderly EntrepreneurshipConclusion and Future ResearchReadership: Students, professors, other scholars and researchers, business owners, policy makers and social workers, seniors and others concerned about the future of aging societies.

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9781299671218

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