Empty nesting is a prominent phenomenon in the process of urbanization in China. The current mainstream view is that empty-nest elderly people have psychological problems compared with non-empty-nest elderly people and need special care. However，with the development of society and economy and the change in the ideology of the elderly，it remains to be determined whether the above views are correct. This article uses the data of the Chinese elderly social follow-up survey in 2014 to establish an ordered probit model，using life satisfaction and emotional well-being as two index variables of subjective well-being，and compared the subjective well-being of the empty nest and non-empty nest elderly in Beijing The difference in sense of feeling was found that the subjective well-being of the elderly in the empty nest in Beijing is not worse than that of the elderly in the non-empty nest. On this basis，this article studies and compares the factors that affect the subjective well-being of the two types of elderly separately，and then proposes different ways to enhance the subjective well-being of the two types of elderly.