variation in parental long-term income had negligible effects on the child’s education development.The endogenity of the family income has posed a significant challenge for researchers hence making it difficult to determine the causal effect of parental income on the education performance of their children (Haveman & Wolfe, 2007). These studies are a major milestone in understanding the effect of parents’ financial status on child’s education development but they have failed to control the endogenity of the parents’ income due to transitory shocks such as job losses, promotion, losses in investments, and increase in profits from investments, family illness and residential movements that affects the financial status of a family (Mattison, 2007).
9According to Freeman and Mathieson (2009) such biasness in research results to omission of variables that subsequently affects the child’s education even after the income of the family increases.Although there have many researchers have research on the effects of financial status of families on their children’s education development, there is still a research gap as it is not yet clear the extent to which they affect the education of the children (Jenkins & Schluter, 2008). There lacks enough empirical evidence on the extent to which a family’s income specifically affects child’s education development (Shea, 2011). Furthermore the previous studies evidences are mixed and differ in methods, data and findings as elaborated in in the surveys and correction of studies (Jenkins & Schluter, 2008). In addition, previous researches have less evidence on effects of increment in family income which shifts the financial status of a family on the development of a child’s education.3.0 Methods The research design is composed of the procedures and methods that are used to collect data in a research study (Thomas, 2013). Both qualitative and quantitative data will be collected. Qualitative data uses a descriptive research design that describes the state of affairs is it is. It willfacilitate in-depth analysis of data and presentation in an understandable way (Punch, 2011). Quantitative data will be used to establish the financial status of the families whose data will be used.A survey method will be used to gather information. Survey is the best research tool for obtaining information about the current phenomena in order to explain what exists and with respect to the prevailing conditions (Cohen, Manion, & Morrison, 2011). The researcher will
10conduct surveys on the labour force data in the government data base. Most of the income and household details are kept and updated by the government. A survey research design will be usedto obtain data directly from the respondents through interviews and questionnaires. Interviews and questionnaires will be used to obtain additional data directly from the respondents from the target population. Questionnaires will be used because they are easy to issue and respondents will have ample time to respond plus they maintain anonymity hence promotes genuine answers (Cohen, Manion, & Morrison, 2011). Interviews on the other hand