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Late Career Transitions of Retired People in Uganda: Is Entrepreneurship a Risky Career?
Abstract
Age is an important factor in the decision to undertake or not of an entrepreneurial project. On the other hand, entrepreneurship does not take place in a vacuum, but in a cultural context. This chapter examines the age-culture nexus in entrepreneurship in a developing collective country context, Uganda. Anchored on the theory of planned behavior as its theoretical framework, this review of the literature examines how the cultural factor in Uganda influences the transition from paid employment to late career entrepreneurship. Specifically, the chapter argues that late career path may be a risky option for senior people who lack experience in entrepreneurship, given the cultural context. Other barriers besides culture are investigated, and recommendations are provided.
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