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Online Explorative Study on the Learning Uses of Virtual Reality Among Early Adopters
Published on: November 22, 2019
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Digital exposure, age, and entrepreneurship
Ting Zhang1, Roger Stough2, Dan Gerlowski1
1Merrick School of Business, University of Baltimore, 1420 N Charles St., Baltimore, MD 21201 USA.
The Annals of Regional Science
|April 25, 2022
Summary
Digital exposure and age significantly influence career choices, pushing individuals towards entrepreneurship, especially opportunity-driven ventures. High and low digital exposure benefits entrepreneurship more than medium exposure.
Area of Science:
- Socioeconomics
- Behavioral Economics
- Labor Economics
Background:
- Occupational choice models traditionally explain employment decisions.
- Limited research integrates digital exposure and age effects on entrepreneurship types.
- Understanding drivers of entrepreneurship is crucial for economic development.
Purpose of the Study:
- To investigate how age and digital exposure influence the choice between employment and entrepreneurship.
- To differentiate between opportunity and necessity entrepreneurship based on these factors.
- To examine the impact on full-time versus part-time entrepreneurial endeavors.
Main Methods:
- Utilized 132 months of Current Population Survey data.
- Employed multilevel modeling with individuals' fixed effects.
- Incorporated metropolitan area random effects to account for geographical variations.
Main Results:
- Low and high digital exposure correlate with increased entrepreneurship likelihood, suggesting 'push' and 'pull' effects of digitization.
- Age amplifies the 'pull' of digitization towards entrepreneurship and opportunity-driven ventures.
- Digital exposure shows a minor effect on increasing part-time entrepreneurship.
Conclusions:
- Age and digital exposure are key determinants in entrepreneurial career paths.
- Digitization's impact on entrepreneurship is nuanced, varying with exposure levels and age.
- Location plays a significant role in these occupational choices, warranting further investigation.
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