The present study aimed at exploring the effect of stereotype threat on the controlled part of memory in older adults using a deep level of processing, namely, self-reference encoding. To meet this objective, 25 younger adults and 25 older adults performed a Remember/Know recognition task following self-reference versus other-reference encoding of adjective traits, under stereotype threat or not. The results indicated that under stereotype threat, older adults' production of Remember responses was specifically impaired following self-reference encoding. Moreover, whereas executive functioning and group identification did not moderate stereotype threat effect, measure of self-worth did. These findings suggest that stereotype threat in older adults may be a self-concept threat and that moderators of stereotype threat found in other groups (i.e., group identification and executive functioning) may not be generalised to this group. Rather, as stereotype threat in aging may represent a threat to the self, self-worth might have a central role, whereby individuals with high self-worth remain self-confident even under stereotype threat and are thus able to down-regulate their negative affects to face such a threat.