Analyzing Household Wealth Inequality: Case Study of Lusaka

This study analyzes household wealth inequality in Lusaka, an issue of critical importance to economic stability and social equity in Zambia. The research investigates how disparities in wealth are shaped by household demographics, income determinants, and the employment status of household heads. The general objective is to examine the distribution and key drivers of wealth inequality among Lusaka households. Specifically, the study: (1) explores the effects of demographic factors such as age, gender, household size, and education level on wealth inequality, analyzing how these attributes influence wealth accumulation; (2) examines the impact of income determinants, including income sources, levels, and variability, on wealth disparities; and (3) evaluates the role of household heads' employment status, focusing on job security, type of employment (formal vs. informal), and income stability in shaping wealth inequality. Employing a quantitative approach, the study uses econometric techniques to analyze nationally representative survey data, ensuring comprehensive and accurate findings. Results reveal the complex interplay of demographic, income-related, and employment factors in driving household wealth disparities. These findings highlight critical areas for policy intervention, such as promoting income diversification, enhancing employment stability, and expanding access to education. This research provides a foundation for evidence-based strategies to reduce wealth inequality and foster equitable economic growth in Zambia.