Improving Household Welfare Through Income Diversity

Accepting income diversity by households is regarded as a crucial step in breaking the vicious cycle of poverty. The study aims to investigate empirical relationship between household welfare and diversity. We examine effects potential endogeneity brought on selection bias using instrumental variable static panel model regression. Uganda National Panel Survey waves were used study. results demonstrate that having variety sources significantly improves welfare. findings further revealed predicted head's education while living eastern or northern regions has negative effect relative central region. methods employed this research unable adequately describe subjective nature Future studies may consider taking pragmatic approach. utilization both primary secondary data for reveal amazing results. In contrast past only expenditure proxy welfare, advances literature demonstrating impact measured poverty status consumption expenditure. extends theory showing how enhances sample Uganda, developing economy.