Military experience and mortgage stress
利用PSID数据发现退伍军人比非退伍军人更易遭遇抵押贷款压力，并揭示心理健康恶化和失业是潜在机制，对年轻家庭和大学学历者影响较弱。
This study investigates the relationship between military service and mortgage stress. Utilizing data from the Panel Study of Income Dynamics (PSID), our analysis reveals that veterans exhibit a higher likelihood of experiencing mortgage stress compared to non-veterans. We explore potential mechanisms underlying this association, finding evidence that mental health deterioration and unemployment may contribute to increased mortgage stress among veterans. Furthermore, our results indicate that the effect is attenuated for younger households and those with college education. This research contributes to the literature on the socioeconomic consequences of military service by elucidating the pathways through which military experience influences financial stability . Our findings have important implications for the development of targeted financial support programs and policies aimed at mitigating mortgage stress among veterans.