The term ‘rumor’ is often used interchangeably with ‘gossip’ and ‘urban legend’ by both laypersons and scholars. In this article we attempt to clarify the construct of rumor by proposing a definition that delineates the situational and motivational contexts from which rumors arise (ambiguous, threatening or potentially threatening situations), the functions that rumors perform (sense-making and threat management), and the contents of rumor statements (unverified and instrumentally relevant information statements in circulation). To further clarify the rumor construct we also investigate (...) the contexts, functions and contents of gossip and urban legends, juxtapose these with rumor, and analyze their similarities and differences. (shrink)

For older workers, self-employment is an important alternative to waged employment. Drawing on social learning theory and social cognitive career theory we examine how attitudes toward one’s own aging, future time perspective (captured by perceived time left to live) and perceived support from referent individuals predict self-efficacy for entrepreneurship and outcome expectations, influencing self-employment interest. Findings from a sample of professional association members (n = 174, mean age 52.5 years), revealed that an open-ended time perspective relates positively to entrepreneurial self-efficacy, (...) while social support relates positively to outcome expectations. Consistent with social cognitive career theory, entrepreneurial self-efficacy mediated the relationship between future time perspective and interest in self-employment, and outcome expectations mediated the relationship between social support and interest in self-employment. This study extends current career and entrepreneurship theory in several ways. First, the inclusion of age-related psychosocial and sociocultural factors in the study model shed light on the intersection between older age, the contextual environment and development of self-employment interest. Second, the findings support earlier arguments that older entrepreneurship is a social process whereby the social context in which people work and live influences their interest in entrepreneurship, and that entrepreneurial behavior among older peop... (shrink)