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 …

Most contributions to optimal tax theory have assumed that all prices, including that of leisure, are known with … the time they choose their labor supplies. Both efficiency and redistributive aspects of the problem are considered. The … paper begins with a discussion of the positive theory of wage taxation and labor supply under uncertainty. This is followed …

optimal aggregate saving rate is independent of income risk. The optimal time-invariant tax on capital is increasing in income …

-- who invest in a risky asset until an exogenous but random termination time. In any time period they must invest all their …