1. A population's effective size (N-e) is a key parameter that shapes rates of inbreeding and loss of genetic diversity, thereby influencing evolutionary processes and population viability. However, estimating Ne, and identifying key demographic mechanisms that underlie the N-e to census population size (N) ratio, remains challenging, especially for small populations with overlapping generations and substantial environmental and demographic stochasticity and hence dynamic age-structure. 2.A sophisticated demographic method of estimating N-e/N, which uses Fisher's reproductive value to account for dynamic age-structure, has been formulated. However, this method requires detailed individual-and population-level data on sex-and age-specific reproduction and survival, and has rarely been implemented. 3.Here, we use the reproductive value method and detailed demographic data to estimate N-e/N for a small and apparently isolated red-billed chough (Pyrrhocorax pyrrhocorax) population of high conservation concern. We additionally calculated two single-sample molecular genetic estimates of N-e to corroborate the demographic estimate and examine evidence for unobserved immigration and gene flow. 4. The demographic estimate of N-e/N was 0.21, reflecting a high total demographic variance (sigma(2)(dg)) of 0.71. Females and males made similar overall contributions to sigma(2)(dg). However, contributions varied among sex-age classes, with greater contributions from 3 year-old females than males, but greater contributions from = 5 year-old males than females. 5. The demographic estimate of N-e was similar to 30, suggesting that rates of increase of inbreeding and loss of genetic variation per generation will be relatively high. Molecular genetic estimates of N-e computed from linkage disequilibrium and approximate Bayesian computation were approximately 50 and 30, respectively, providing no evidence of substantial unobserved immigration which could bias demographic estimates of Ne. 6. Our analyses identify key sex-age classes contributing to demographic variance and thus decreasing N-e/N in a small age-structured population inhabiting a variable environment. They thereby demonstrate how assessments of N-e can incorporate stochastic sex-and age-specific demography and elucidate key demographic processes affecting a population's evolutionary trajectory and viability. Furthermore, our analyses show that Ne for the focal chough population is critically small, implying that management to re-establish genetic connectivity may be required to ensure population viability.