A display device includes: a plurality of pixels each of which includes a light emitting element and a driving transistor having a source region separated from a drain region by a first distance to control an amount of current flowing through the light emitting element; a timing controller to convert a first image data input into a second image data, using a data correction coefficient set corresponding to the first distance of one of the plurality of pixels; and a data driver to generate a data signal corresponding to the second image data and supplying the data signal to the one of the plurality of pixels. A method of compensating for degradation of a display device also is disclosed.