real macroeconomic variables to a monetary shock. Some empirical support for this theory is provided …

higher uncertainty increases housework and reduces market hours worked, with modest effects on leisure. Finally, we propose a … model of housework with time-varying uncertainty that quantitatively accounts for these results. We use the model to … contractionary effects of uncertainty. Policies that reallocate time use toward housework (e.g., lockdown restrictions) amplify the …