We review the current understanding of the Dole effect (the observed difference between the δ18O of atmospheric O2 and that of seawater) and its causes, extend the record of variations in the Dole effect back to 130 kyr before present using data on the δ18O of O2 obtained from studying the Vostok ice core (Sowers et al., 1993), and discuss the significance of temporal variations. The Dole effect reflects oxygen isotope fractionation during photosynthesis, respiration, and hydrologic processes (evaporation, precipitation, and evapotranspiration). Our best prediction of the present-day Dole effect, +20.8‰, is considerably lower than the observed value, +23.5‰, and we discuss possible causes of this discrepancy. During the past 130 kyr, the Do...