It's anecdotal, but those reasons definitely don't explain my scenario.
I walked on to my college team in college with no prior running experience (yay D3!). Got down to just under 14:20 my senior year. That was off of 40 mpw as a freshman, nonsummer running the following summer, maybe 45-50 mpw sophomore and junior years, them 55 mpw as a senior. I had a horrible diet, I drank a ton, and was always fighting off illness. The only extra I did right was to sleep a ton. think it is fair to say I was probably still underdeveloped because of my relative inexperience and low volume.
Life got in the way and I never ran consistently enough beyond my first year of grad school and didn't get appreciable better.
Fast forward to age 40 when I started training harder again. Decided to run my first marathon at age 42 and got up to 70 mpw pretty consistently, topping out at 75. Ran 2 more marathons at age 43 and 45 getting up to 80 mpw for extended streaks and topping out around 90 a few times, hittting 100 once. I drank a lot less and ate a lot better. Weight was about 145 compared to my college weight of 140 when setting PRs. The only intangible that is worse is sleep - a function of three kids and a career. If you take my better 5k through marathon performances during those stretches and convert them with an age calculator, they mostly line up with my 14:19 PR - all within :10 of that.
So if you look at that history, I think it is hard to say that it is a motivation or psychological issue that limited my absolute performance. I train more than ever and train as intensely as I did when I was in college. I've got more years of consistent volume than I ever did in college. Yet my performances slowed down by :63 (track) to :69 (road) as compared to college, with those times being in line when adjusted. It seems prettt clear that there is a change in physiology somewhere, and it is in line with the norms established by other performances. Muscle tone is a bit lower than in college, but I'm still at or near a single digit body fat percentage, so that could explain part of it, but not a full minute. It strikes me as a function of decreased cardiovascular capacity.