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.