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

  • Ana ColovicEmail author
  • Olivier Lamotte
  • Manoj Chandra Bayon
Chapter

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.

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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Ana Colovic
    • 1
    Email author
  • Olivier Lamotte
    • 2
  • Manoj Chandra Bayon
    • 3
  1. 1.NEOMA Business SchoolMont-Saint-AignanFrance
  2. 2.PSB Paris School of BusinessParisFrance
  3. 3.Pontificia Universidad Javeriana, Facultad de Ciencias Económicas y AdministrativasCaliColombia

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