Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/328786 
Year of Publication: 
2023
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 11 [Issue:] 6 [Article No.:] 161 [Year:] 2023 [Pages:] 1-30
Publisher: 
MDPI, Basel
Abstract: 
Youth entrepreneurship is an increasingly prominent aspect of entrepreneurship support policies, but there is surprisingly little relevant research-based empirical evidence. This research gap is particularly noticeable when it comes to the personal and contextual factors that steer young people's decision to start a business. Using statistically representative survey data from the Global Entrepreneurship Monitor for Germany, we apply logit regressions to determine the influence of 10 independent variables on the likelihood of starting a business. We distinguish between 18-24-year-olds and 25-64-year-olds as well as between founders and non-founders. Self-efficacy in entrepreneurial skills, fear of failure and gender are the strongest influencing variables for the person-related factors and knowledge of other founders for the contextual factors. For younger people, the formal level of education and the perception of local entrepreneurial opportunities do not play a role in the decision to start a business, whereas they are very important for older people. Our results suggest that start-up promotion policies should explicitly address the empirically proven factors of youth entrepreneurship instead of a 'one size fits all' policy for new businesses, regardless of the age of the founders.
Subjects: 
youth entrepreneurship
entrepreneurship
Germany
spatial context
demographics
entrepreneurship policies
Global Entrepreneurship Monitor (GEM)
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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