Based on the theory of relative deprivation,this paper analyzes the impact mechanism of pension income on the subjective welfare of the rural elderly,and tests the heterogeneous impact of pension income on the subjective welfare of the rural elderly through panel quanti...MORE Based on the theory of relative deprivation,this paper analyzes the impact mechanism of pension income on the subjective welfare of the rural elderly,and tests the heterogeneous impact of pension income on the subjective welfare of the rural elderly through panel quantile regression.The results indicate that the increase...