14 
or loss high love! of Incono. In the lower port of the 
income distribution, the distribution of the profit rote 
will ploy a role. 
It could be justly sold, of course, that the recession 
itself colls for on explanation* This con only bo Given on 
the plane of "staco four" (see above p. *•) by o otochootic 
process in several variables» 
gho laeoos of raoporte omasa. 
Sons ospirical data will illustrate the above theory* 
VJhile this theory deals with property iacooe, the data 
below rather refer to incone of property owners, which 
in part ie earned incone* It is not easy to separate 
the earned and unearned income*^ Star are the two parts 
independent, so that a convolution of two separately 
derived distributions would not be appropriate. 
In the following* iaconos of property owners will bo 
treated os a whole* The distribution of the "profit rat®", 
^Attenpts to separate then such as in /1 / aro un 
convincing* In this study, compensation for risk is 
included in earned incooe but by its nature It is 
obviously related to capital.