The immune system is still in process of modulation and adaptation. Body is growing and not always " synchronized". Many immunologists even are willing to discuss the hygiene hypothesis now, which is progress.
The body and subcutaneous tissue is the best the younger you are, but at the same time, kids are more prone to skin micro and macro traumas that can induce more type I-III reactions.
Personally, I also think less outdoor exposure, A/C drying out air and general decrease of humidity plays in.
Despite the (somewhat) mundane presentation of this overall in most cases, the pathophysiology may be able to explain many other immunology phenomena, like all the AIDS research has, while not solving original problem.