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Article

Wage and price setting: new evidence from Uruguayan firms

, &
Pages 560-582 | Received 18 Aug 2017, Accepted 13 Apr 2020, Published online: 25 Aug 2020

Figures & data

Figure 1. Distribution by sector (in %).

C: Exploitation of mines and quarriesD: Manufacturing industriesE: Electricity, gas and waterF: Construction G: Wholesale and retail: Hotels and restaurantsI: Transportation, storage and communicationK: Real state and business activitiesM: EducationN: Social services and health
Figure 1. Distribution by sector (in %).

Figure 2. (a) Pricing of the firm’s main product (in %). (b)Pricing of firm’s main product by sector (in %). (c) Price setting in the manufacturing industry by subsector (in %).

Figure 2. (a) Pricing of the firm’s main product (in %). (b)Pricing of firm’s main product by sector (in %). (c) Price setting in the manufacturing industry by subsector (in %).

Figure 3. Frequency of price adjustment (in %).

Figure 3. Frequency of price adjustment (in %).

Figure 4. Are price changes concentrated in a particular month?

Figure 4. Are price changes concentrated in a particular month?

Figure 5. Price changes by month (in %).

Figure 5. Price changes by month (in %).

Figure 6. Factors determining price increases (median response).

Figure 6. Factors determining price increases (median response).

Table 1. Cost structure by CIIU classification (in %).

Figure 7. Temporal orientation of firms in the price setting process.

Figure 7. Temporal orientation of firms in the price setting process.

Figure 8. (a) Aggregated temporal orientation by variable. (b) Temporal orientation of firms in the price setting process by sector.

Figure 8. (a) Aggregated temporal orientation by variable. (b) Temporal orientation of firms in the price setting process by sector.

Figure 9. (a) Relative temporal orientation of firms in the price setting process by sector. (b) Temporal orientation of firms in the manufacturing sector by variable.

Figure 9. (a) Relative temporal orientation of firms in the price setting process by sector. (b) Temporal orientation of firms in the manufacturing sector by variable.

Figure 10. Months to adjust prices when wages change (in %).

Figure 10. Months to adjust prices when wages change (in %).

Figure 11. Firms reaction to an unexpected sales fall1.

Figure 11. Firms reaction to an unexpected sales fall1.

Table 2. Firms reaction to unexpected shocks.