Improving Household Welfare Through Income Diversity
Watema Joash Robert Alex
Abstract:Accepting income diversity by households is regarded as a crucial step in breaking the vicious cycle of poverty. The study aims to investigate the empirical relationship between household welfare and income diversity. We examine the effects of potential endogeneity brought on by selection bias using instrumental variable static panel model regression. The Uganda National Panel Survey waves were used in the study. The results demonstrate that having a variety of sources of income significantly improves househol… Show more
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