This paper investigates the effect of an exogenous demographic transition on democracy. As possible channels through which this influence makes an impact, education and per capita income and, to a lesser degree, urbanization were identified. These interdependencies were tested using pooled ordinary least squares as well as fixed effects models on the basis of panel data. In conclusion, the demographic transition affects democracy through the aforementioned channels primarily in poor countries that have experienced their demographic transition and subsequent democratization in the second half of the 20th century or later.