Against the background of a renewed debate about democratic legitimacy, this essay discusses its conceptualization, its development over time and space, as well as its driving forces. The conceptual discussion leads to a typology of four distinct bases of democratic legitimacy. Tracing their empirical scope and depth shows that democratic values are developing world-wide even in non-democracies, but that they are often shallow and badly understood. For established democracies, the empirical trends are not so much indicative of a continuous erosion of democratic legitimacy, but more compatible with equilibrium models that allow for performance-driven short- or medium term fluctuations of democratic legitimacy around stable equilibrium levels...