Linkages Between Sociodemographic Factors, Knowledge About Entrepre-Neurship, and Labour Force Participation Among Youth in Nigeria

NWOGU, FRED and OLADOSUN, Muyiwa and Amoo, Emmanuel O. (2024) Linkages Between Sociodemographic Factors, Knowledge About Entrepre-Neurship, and Labour Force Participation Among Youth in Nigeria. Tuijin Jishu/Journal of Propulsion Technology, 45 (2). pp. 4720-4735. ISSN 1001-4055

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Abstract

Youth's cognition of entrepreneurship, especially at the practice stage, is essential to owning and building a successful entrepreneurship. An individual's lived entrepreneurship experience can be discerned from sociodemographic background factors like age, sex, region, residence, education, employment status, income level, entrepreneurial ecosystem availability, and personal motivation. The paper assesses youth sociodemographic factors and knowledge about entrepreneurship with a view to increasing labour force participation. The study surveyed youth aged 15-35 across Nigeria using a quantitative research approach to obtain data. A total of2,396 questionnaires were completed and analysed. The findings suggest that the odds of owning a business venture are significantly higher for youth aged 24-26 (OR=1.46; CI=l.02, 2.10) and above. Owning a business was significantly lower (OR=0.75; CI=0.58, 0.97)) for youth who knew of available resources in their environment but higherfor youth who knew how to develop (OR=l.69; CI=l.19, 2.41) and organise (OR=1.46; CI=1.00, 2.14) a business. Further, building a successful business venture was significantly higher for youth who know how to develop and organise a business (OR=l.58; CI= l.09, 2.28) and (OR=l.87; CI= l.26, 2.78), respectively. Youth who desired future startups knew about the resources in their environment (OR=l.53; CI=l.22, 1.93). These youths were aged 27-35, earned income, and came from entrepreneurial family backgrounds. This paper has extended the results of previous studies. Policymakers could integrate the evidence provided about the relationship between sociodemographic factors and knowledge about entrepreneurship to develop interventions to achieve better outcomes in labour force participation and demographic dividend.

Item Type:	Article
Uncontrolled Keywords:	Entrepreneurship, labour force participation, knowledge, sociodemographic factors and youth
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	nwokealisi
Date Deposited:	24 Sep 2024 14:47
Last Modified:	24 Sep 2024 14:47
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/18450

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