“…In recent years, personality traits and self‐control, which is a specific type of self‐regulation (vanDellen, Hoyle, & Miller, ), have received attention for explaining individual differences in retirement savings and for developing incentive schemes and educational programs to encourage individuals to save more for retirement (Beshears et al, ; Burke, Luoto, & Perez‐Arce, ; Choi, Laibson, Madrian, & Metrick, ; Kim, Franks, & Higgins, ; Mosca & McCrory, ; Nabeshima & Seay, ).…”