Female concentration and the gender wage differential in the United Kingdom

The paper utilizes the methodology proposed by Johnson and Solon (American Economic Review, 76 (5), 1117-1125, 1986) to examine the impact of job segregation on the gender wage gap in the UK in 1991. The results suggest that despite implementation of the UK 1983 Equal Pay Amendment there remains clear evidence that male/female workers in female dominated jobs continue to earn less for work of 'similar worth' than their counterparts in male dominated jobs within the same firm. This conclusion is insensitive to whether one adopts an occupation or firm based measure of gender concentration.

Valuing year-to-go hydrologic forecast improvements for a peaking hydropower system in the Sierra Nevada

We assessed the potential value of hydrologic forecasting improvements for a snow-dominated high-elevation hydropower system in the Sierra Nevada of California, using a hydropower optimization model. To mimic different forecasting skill levels for inflow time series, rest-of-year inflows from regression-based forecasts were blended in different proportions with representative inflows from a spatially distributed hydrologic model. The statistical approach mimics the simpler, historical forecasting approach that is still widely used. Revenue was calculated using historical electricity prices, with perfect price foresight assumed. With current infrastructure and operations, perfect hydrologic forecasts increased annual hydropower revenue by $0.14 to$1.6 million, with lower values in dry years and higher values in wet years, or about $0.8 million (1.2%) on average, representing overall willingness-to-pay for perfect information. A second sensitivity analysis found a wider range of annual revenue gain or loss using different skill levels in snow measurement in the regression-based forecast, mimicking expected declines in skill as the climate warms and historical snow measurements no longer represent current conditions. The value of perfect forecasts was insensitive to storage capacity for small and large reservoirs, relative to average inflow, and modestly sensitive to storage capacity with medium (current) reservoir storage. The value of forecasts was highly sensitive to powerhouse capacity, particularly for the range of capacities in the northern Sierra Nevada. The approach can be extended to multireservoir, multipurpose systems to help guide investments in forecasting