Now way back in the dark ages when I was building my RV-4, ya know, when we had to smelt our own ore, I tried solution heat treating some rivets after reading the article in Sport Av. The freshly treated rivets are softer and easier to drive. They age harden just like the supplied rivets. After treating some, I made some test coupons and tested them on a materials tester at work. The "fresh" rivets shear strength was right at book value. The "as-received-from-Van's" rivets tested higher. I would assume that all strength calculations are done with the book value.
So yes, rivets do age harden, but unless you do your own heat treating, most, if not all of the age hardening will have occured by the time you get them.
FWIW, the freshly treated rivets were very easy to squeeze and drive. -4's felt like normal -3's. Flush were no problem, but the universal head tended to get tool marks from the set as the heads were also soft.
BTW, the solution heat treating is done by taking the rivets up to a certain temp. (I've forgotten), soaking them there, and then quenching them quickly in ice water.