Lex Borghans (Department of Economics and ROA, Maastricht University, Email: lex.borghans@maastrichtuniversity.nl). We thank Linor Kiknadze and Edward Sung for valuable research assistance. We received helpful comments from Richard Boyle, Zidi Chen, Maryclare Griffin, Robert Lerman, Seong Hyeok Moon, Dan Moran, Maria Rosales, and Indra Wechsberg. The opinions expressed and arguments employed herein are those of the author(s).