Perhaps the single most important reason for transforming Social Security into a system of individual accounts is that it would give American workers true ownership of and control over their retirement benefits. Under a system of individual accounts, workers would have full property rights in their private accounts. They would own their accounts and the money in them the same way they own their individual retirement accounts or 401(k) plans. Their retirement benefits would not depend on the whims of politicians.

More on Non-financial Reasons for Reform


SSDI Reform: A New Benefit Structure to Encourage Work by Individuals with Disabilities

By Jagadeesh Gokhale. September 8, 2014.

Stemming the Tide of Government Growth

By William G. Shipman. Washington Times. December 22, 2012.

How Entitlements Can Perpetuate Youth Unemployment

By Jagadeesh Gokhale. Philadelphia Inquirer. May 18, 2012.

Cato Studies

Disparate Impact: Social Security and African Americans

By Michael D. Tanner. Briefing Paper No. 61. February 5, 2001.

The Moral Case for Social Security Privatization

By Daniel Shapiro. Social Security Choice Paper No. 14. October 29, 1998.

Public Filings


Social Security: A Fresh Look at Policy Alternatives

Featuring Jagadeesh Gokhale. June 7, 2010. Capitol Hill Briefing.

Social Security: A Fresh Look at Policy Alternatives

Featuring Jagadeesh Gokhale and Andrew G. Biggs. May 27, 2010. Book Forum.

Social Security Reform: Where Do We Go from Here?

Featuring . November 29, 2005. City Seminar.