Should Age and Education be taken into account to Innovate?

Abstract

This paper seeks to fill a gap in the literature on youth entrepreneurship, by developing a model that shows a
distinction between young people and the elderly. The purpose of this article is to test, first, the impact of education on the
ability to innovate, and then test the interaction of the age of the entrepreneur on the relationship between education and
innovation. Using data from 67 countries participating in the GEM (Global Entrepreneurship Monitor) program, this
paper uses a linear regression to explore the impact of age innovation on the relationship between education and
innovation. GEM data shows that education has an impact on innovation, but that there is a tendency for young people to
turn their education more into innovation.