The effect of age on episodic memory has recently been shown to be modulated by individual characteristics such as psycho-emotional status. We investigated the combined effects of age and a psycho-emotional variable, Self-Esteem, on episodic memory (Cued-recall and recognition). We also examined the contribution of anxiety level on the influence of Self-Esteem on episodic memory during aging. This study revealed different patterns of the Self-Esteem effect according to age group. The effect on cued-recall was accounted for by Anxiety in the younger adults, although Self-Esteem and Anxiety seem to be overlapping dimensions for this age group. By contrast, in the older adults, the two factors influenced memory performance (recognition) independently, suggesting that older adults are particularly sensitive to the factors associated with the Self. We also postulate that there is a zone of optimal executive control by the Self (region of proximal executive control), corresponding to task difficulty linked to the individual's feeling of self-efficacy.