In order to understand my point lets take an example of a stand alone PMOS. We will discuss two cases:
CASE 1: The source of the PMOS is connected to a noisy supply and the gate is connected to a clean voltage. So VSG of the PMOS is varying continuously. Or in other words the current through it is varying continuously.
Now if we have a R load attached then the voltage at the output will also vary continuously as Vout(t) = I(t) * R or Vout(t) = [ K ( VSG(t) - Vthp )^2 ] * R . So PSRR will be poor.
CASE 2: The source of the PMOS is connected to a noisy supply and the gate is connected a voltage which is some how coupled with the supply i.e. It has similar variations as the supply. Then the VSG is fairly constant.
So is the current. The PSRR is good in this case.
Same is applied for the LDO. If the error amplifier has poor PSRR then its output will contain supply ripples. Now as this output is driving the gate node of the PMOS so the supply ripples are present at the gate node as well. This means VG is varying almost equally as VS is varying ... keeping VSG fairly constant .... and improving PSRR...
NMOS differential amplifier with cascode PMOS load has better supply PSRR than with single PMOS load ....
Hope this helps ...