Abstract

This chapter argues that school should cease to be compulsory at age 16 and that an education resource account (ERA) should be established for students who leave school at that age. The ERA would be sufficient to cover three years of full-time education. It could be linked to inflation and early school leavers could use it in accredited non-profit educational institutions at any later point in their lives. Two sets of arguments are discussed in support of the proposal. The first, building on the empirical literature, focuses on efficiency and highlights the advantages of an ERA with respect to the ‘disruptive’ students issue in particular. The second set of arguments is anti-paternalistic. The chapter distinguishes three anti-paternalistic arguments: the view that individuals are the best judges of their own welfare, the idea that autonomous decision-making is a component of well-being, and a respect-based view of what renders anti-paternalism wrong.