It's a prediction often met with worry: In 20 years, there will be more Americans over 60 than under 15. Some fear that will mean an aging society with an increasing number of decrepit, impaired people and fewer youngsters to care for them while also keeping the country's productivity going.

The concerns are valid, but a new Stanford study shows there's a silver lining to the graying of our nation. As we grow older, we tend to become more emotionally stable. And that translates into longer, more productive lives that offer more benefits than problems, said Laura Carstensen, the study's lead author.

"As people age, they're more emotionally balanced and better able to solve highly emotional problems," said Carstensen, a psychology professor and director of the Stanford Center on Longevity. "We may be seeing a larger group of people who can get along with a greater number of people. They care more and are more compassionate about problems, and that may lead to a more stable world."

Between 1993 and 2005, Carstensen and her colleagues tracked about 180 Americans between the ages of 18 and 94.  Over the years, some participants died and others aged out of the younger groups, so additional participants were included.

For one week every five years, the study participants carried pagers and were required to immediately respond to a series of questions whenever the devices buzzed. The periodic quizzes were intended to chart how happy, satisfied and comfortable they were at any given time.

Carstensen's study was coauthored by postdoctoral fellows Bulent Turan and Susanne Scheibe as well as Stanford doctoral students and researchers at Pennsylvania State, Northwestern, the University of Virginia and the University of California's campuses in San Francisco and Los Angeles.

While previous research has established a correlation between aging and happiness, Carstensen's study is the first to track the same people over a long period of time to examine how they changed.

The undertaking was an effort to answer questions asked over and over again by social scientists: Are seniors today who say they're happy simply part of a socioeconomic era that predisposed them to good cheer? Or do most people – whether born and reared in boom times or busts – have it within themselves to reach their golden years with a smile? The answer has important implications for future aging societies.

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