Recommended readings (Machine generated): 1. Daniel Bernoulli (1954), 'Exposition of a New Theory on the Measurement of … Joseph Stiglitz (1970), 'Increasing Risk: I. A Definition', Journal of Economic Theory, 2 (3), September, 225-43 -- 5. Paul A …-August, 623-48 -- 14. Robert Wilson (1968), 'The Theory of Syndicates', Econometrica, 36 (1), January, 119-32 -- 15. Robert M …

We study the effects of uncertainty on time use and their macroeconomic implications. Employing data from the American … Time Use Survey and the Bureau of Labor Statistics, we document that heightened uncertainty increases housework and reduces …. However, it also reduces aggregate demand, ultimately amplifying uncertainty's recessionary impact. Time reallocation can lead …