Unraveling the Perceived Reasons Underlying Entrepreneurs' Retirement Decisions: A Person-Centered Perspective

Abstract

This study investigated the reasons and psychosociological mechanisms underlying French entrepreneurs' decisions to terminate their career, based on the Push Pull Anti push Anti Pull model (Chevalier et al. 2013). The purpose of this article is (a) to examine naturally occurring profiles of entrepreneurs' motivation to retire using cluster analysis, and (b) to investigate associations of the profiles with social characteristics and the intention to retire. The results revealed four distinctive profiles: (1) “eager to retire,” (2) “ready to retire,” (3) “ambivalent,” and (4) “reluctant.” Subjective health, level of education, and income were differentially related to the four profiles. Entrepreneurs with profiles 1 and 2 had the highest level of intention to retire. Implications of the findings for professional counselors and directions for future research are discussed.

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