Dr. Naveed will talk on the construction of a valid and reliable asset index at household level. He will be discussing how an asset index may be a better measure than current income or expenditures for gauging a household’s long-term capacity for buying goods and services and its potential resilience to economic shocks. He will also provide details of the results from Exploratory Factor Analysis (EFA) and Tetrachoric Principal Component Analysis (PCA) for the dimensional structure of assets. Further, the application of Classical Test Theory (CTT), and Item Response Theory (IRT) in order to construct a reliable household level asset index is also part of the talk. He will also introduce the methods to measure asset disparities e.g., Gini-coefficient index and the Palma ratio. He will share the results of asset disparities among 36 districts of Punjab-Pakistan.