A shock absorbing device for a shoe sole includes: an outer sole 2; a midsole M; and a deformation element 3 placed between the outer sole 2 and the midsole M. The deformation element 3 is positioned at a periphery of a rear foot part 1B and includes a bending deformation member 30 that opens toward the periphery from a center of the rear foot part 1B. The bending deformation member 30 includes a lower plate portion 31, an upper plate portion 32 that forms an opening angle with respect to the lower plate portion 31, and a curved portion 33 that connects the lower plate portion 31 and the upper plate portion 32. The lower plate portion 31 and the upper plate portion 32 are gradually getting away from each other as a distance from the curved portion increases. A rubber-like or pod-like compression deformation member 35 is fit between the lower and upper plate portions 31, 32. When an impact force of landing is loaded to the bending deformation member 30, the lower plate portion 31 and/or the upper plate portion 32 displaces or deflects in such a manner as to rotate about the curved portion 33 with the compression deformation member 35 being compressed.