14 
looo 
ovoi of incono. In the lowor part of the 
>ution, 0O diotribution of the profit rate 
polo. / / 
/ 
/ 
ooid/bf oouroQt that the rogrocoion 
callPk f "for on cseplanotioa. Shis con only be glvm on 
jdm plane of "stage four” (000 above p. »,) Ijy o otachaotlc 
procooa in aovopdl varlableo. / ■ 
2Iio Inoopo of property ownoro. 
Gone onplrical data will illustrate the above theory# 
While this theory’ deals with property income, the data 
bclou rather refer to incooo of property owners, which 
in part io earned incono. It la not easy to ooparato 
the earned and unearned income. Uor are the two parts 
indopondont, 00 that a convolution of two separately 
derived diatributiona would not bo appropriate. 
In the following* income of property ownoro will bo 
trootod as a wholo# Tho distribution of tho “profit rato°, 
^Attorpto to ooparato then ouch 00 in /1 / aro un 
convincing. In this otudy, conponoation for rial: io 
included in earned incono but by ito nature it ic 
obviously related to capital.