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Shouldn't cause any problems with estimation as long as you don't also include the original EDUC. Simply implies a different return to additional years of schooling in the different regimes. No, I won't include the original EDUC. I've thought that in doing this way I could get slope coefficients mo...

Since you wish to use four categories of educational level (say edu), you need to generate 3 dummy variables: Instead of creating nominal variables like that, you can use the natural order in education and generate a single variable in the ordinal scale. I'm aware of these options, but what I want ...

hi there! I'm trying to apply a model based on the Human Capital Theory. Besides other variables, I have grouped the educational level (in years) in 4 distinct variables, in the following way: E1: variable that assumes values 1, 2, 3 or 4 in the case of the worker have these educational levels. Assu...