TASK DEFINITION: Given a paragraph, your job is to generate a question that can be answered from the passage. The answer to your question should be a single entity, person, time, etc. that can be extracted from the passage.
PROBLEM: Studies on income inequality and growth have sometimes found evidence confirming the Kuznets curve hypothesis, which states that with economic development, inequality first increases, then decreases. Economist Thomas Piketty challenges this notion, claiming that from 1914 to 1945 wars and 'violent economic and political shocks' reduced inequality. Moreover, Piketty argues that the 'magical' Kuznets curve hypothesis, with its emphasis on the balancing of economic growth in the long run, cannot account for the significant increase in economic inequality throughout the developed world since the 1970s.

SOLUTION: What have studies on income inequality sometimes found evidence confirming?

PROBLEM: In Hinduism the spiritual teacher is known as a guru, and, in many traditions of Hinduism - especially those common in the West - the emphasis on spiritual mentorship is extremely high, with gurus often exercising a great deal of control over the lives of their disciples.

SOLUTION: What is the name of the spiritual teacher in Hinduism?

PROBLEM: In 1993, Galor and Zeira showed that inequality in the presence of credit market imperfections has a long lasting detrimental effect on human capital formation and economic development. A 1996 study by Perotti examined the channels through which inequality may affect economic growth. He showed that, in accordance with the credit market imperfection approach, inequality is associated with lower level of human capital formation (education, experience, and apprenticeship) and higher level of fertility, and thereby lower levels of growth. He found that inequality is associated with higher levels of redistributive taxation, which is associated with lower levels of growth from reductions in private savings and investment. Perotti concluded that, 'more equal societies have lower fertility rates and higher rates of investment in education. Both are reflected in higher rates of growth. Also, very unequal societies tend to be politically and socially unstable, which is reflected in lower rates of investment and therefore growth.'

SOLUTION:
When did Galor and Zeria show new information about inequality?

