There is provided an optical element having: a laminate including a reflective type polarizer for separating incident light into polarized light components through reflection and transmission, and a dichromatic polarizer, wherein a variation of hue between two points calculated by the expression: {(x2-x1).sup.2 +(y2-y1).sup.2 } is not larger than 0.06 when x1 and y1 express a hue at a point with a predetermined elevation angle and any azimuth angle, and x2 and y2 express a hue at another point with the same elevation angle and a changed azimuth angle in the case where transmitted light is obliquely viewed in the condition that the laminate is disposed on a planar light source so that the reflective type polarizer is located in an inner side. An illuminator having the above planar light source and laminate and including a reflection layers on its rear surface side, is disposed behind a liquid crystal cell.