Documents the changes in the taxation of foreign exchange gains and losses brought about by the Tax Reform Act of 1986. Explains that the timing of recognition of foreign exchange gains and losses is important in determining the effective tax rate on foreign-currency-denominated assets.

Intergenerational transfers of wealth and ability can influence the distribution of wealth. This research examines the empirical relationships among intergenerational variables and cross-sectional wealth distribution. Copyright (c) 2003 by the Southwestern Social Science Association.