The present study investigated age-related differences in the locus of the emotional enhancement effect in recognition memory. Younger and older adults studied an emotion-heterogeneous list followed by a forced choice recognition memory test. Luce's (1963) similarity choice model was used to assess whether emotional valence impacts memory sensitivity or response bias. Results revealed that the emotional enhancement effect in both age groups was due to a more liberal response bias for emotional words. However, the pattern of bias differed, with younger adults more willing to classify negative words as old and older adults more willing to classify positive words as old. The results challenge the conclusion that emotional words are more memorable than neutral words.