In organisms with discrete generations such as most insects, life-history traits including dispersal abilities often vary between generations. In particular, density-dependent differences in dispersal of bi- and multivoltine species may be expected because subsequent generations are usually characterized by a drastic increase in individual abundance. We investigated the inter-sexual and inter-generation differences in dispersal of a bivoltine butterfly, Lycaena helle, testing the following hypotheses: (1) male emigration is higher in spring generation, as males are prone to leave their natal habitat patches when the density of mating partners is low; (2) female emigration is higher in summer generation, when it helps to reduce intraspecific competition between offspring. The outcome of our analyses of dispersal parameters showed that females of the summer generation emigrated from their natal patches considerably more often than those of the spring generation, whereas an opposite trend was detected in males. These findings offer a novel perspective for our understanding of the advantages of voltinism for metapopulation functioning. The spring generation dispersal mainly improves the random mating opportunities favoured by the increase in male emigration. In turn, the dispersal of females of the summer generation appears the key to long-term metapopulation persistence.