Challenges in the Development of Senior Entrepreneurship
Challenges in the Development of Senior Entrepreneurship

Author(s): Mihaela Mikić, Tin Horvatinović, Bojan Morić Milovanović
Subject(s): Business Economy / Management, Gerontology, Economic development, Socio-Economic Research
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: senior entrepreneurship; aging; motivation; policy;
Summary/Abstract: The aging population results in numerous challenges, including an increase in the number of unemployed persons, problems in sustainability of pension funds, a decrease in the standard of quality of life due to lessening financial resources, and others. Senior entrepreneurship as a career option or partial retirement can aid in addressing the issues mentioned above, as entrepreneurship, in general, improves the economic position. Furthermore, it can help improve quality of life, specifically to achieve self-actualization as a need. This chapter aims to determine challenges that senior entrepreneurs meet and their motivation drivers and to recommend actions to policymakers to successfully support this type of entrepreneurship.

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