I was just wondering if there were any consequences to applying dummy variables to independent variables which don't need it.
For example, let's say I ran an OLS with income as my y variable and age and education as my x variables. Let's imagine I then used a dummy variable for every working age (instead of age). So I would have:
AGE_16, AGE_17, AGE_18...,AGE_64.
What would this do to my estimates?