I have a question about working with income as a
variable in a log regression. It might be pretty
basic, but I have no idea what the answer is.
I am using income as one of a series of independent
variables to determine whether a respondent
participates in a certain task and when I have used
income before it has always been a continuous
variable. The data set that I am working with now has
income coded as a categorical variable. I am not sure
if I need to create a continuous income variable and
then take the LN, or if I only do LNincm on the
categorical variable, or if I don't need to change
anything and I just use the categorical variable as
Any advice would be greatly appreciated.
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