Monthly wages are an important step towards economic development

(University of Zurich) Across developing economies, most workers and agricultural producers are paid are paid on a daily basis. This has a negative impact on their ability to generate savings for large expenses. Researchers from UZH show dairy farmers and agricultural workers prefer to be paid once at the end of the month, rather then daily, because monthly payments schemes are an efficient tool to increase saving.

from EurekAlert! - Social and Behavioral Science http://bit.ly/2HSKpBx