Two experiments showed that older adults were worse than younger adults at judging the accuracy of their responses on source identification (i.e., who said what) and cued-recall tests. It is important to note that this age-related metamonitoring impairment occurred even after older and younger adults were matched on overall source accuracy and cued-recall accuracy. By contrast, older and younger adults showed comparable metamonitoring capacities when assessing the likely accuracy of old-new recognition judgments and responses to questions about general knowledge. These experiments are consistent with the misrecollection account of cognitive aging, which suggests that age-related memory impairments are due to older adults' vulnerability to making high-confidence errors when answering questions that require memory for specific details about recently learned events.
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Dodson et al. (2007) studied this question.
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