The Kendrick prize was originally launched in 1990 as recognition for the best article published that year in the Review of Income and Wealth. The prize was a named after John W. Kendrick, a long-standing member of the IARIW and a leading scholar on the measurement of economic growth and productivity in the United States, and who provided a generous donation to finance the prize for the first couple of years. After falling dormant for a number of years, the IARIW Council and Editorial Board reinstalled the prize in 2008 as a means to recognize and show appreciation for the important contributions in the micro area and in the macro area that many scholars make to research on income and wealth, by publishing their research in the Association's journal. Each prize is an amount of $1000 US per paper.