Does Wisdom Come With Age?

In many countries around the world, children are taught from an early age to respect their elders. Even when they are in the need of advice it is common for them to seek the approval of the older members of the family when making a decision. It goes as far as choosing a future husband or wife, choosing an occupation or college education. Older people have always been considered wiser and smarter than the rest. But does wisdom really come with age?