Although we are primarily interested in the housing consumption of the elderly, we did not limit our analysis to the householders aged 62 and older. For comparison purposes, we looked at all householders. We did this by segregating the householder population into seven age cohorts. The number of age cohorts is large enough to let us capture changes in housing consumption over individuals’ lifecycle, without being overly burdensome on the analysis. The cohort widths have been defined such that they can mirror reasonable life bands. For example, people younger than age 35 are most likely.
