Overall GDP, which the Government has persistently emphasised, is an irrelevant and misleading criterion for assessing the economic impacts of immigration on the UK. The total size of an economy is not an index of prosperity. The focus of analysis should rather be on the effects of immigration on income per head of the resident population.
...as Lord Turner of Ecchinswell pointed out in his recent lecture at the London School of Economics (LSE), arguments for high immigration to reduce the dependency ratio are usually made on the basis of figures which assume that the retirement age remains unchanged, an assumption he described as "absurd".63 Lord Turner argued that as people live longer, it is reasonable to assume that the extra years of life are divided between working years and retirement so as to keep roughly stable the proportions of life spent working and retired. Under this assumption, half of the projected increase in the dependency ratio disappears, when compared with the simplistic case in which the retirement age stays unchanged.
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