An organic light emitting diode, which has a pixel electrode, the pixel electrode constructed with a first layer comprising metal oxide on the substrate; a second layer comprising silver alloyed with at least one metal selected from a group consisting of lanthanide series elements and actinide series elements on the first layer; and a third layer comprising metal oxide on the second layer. As such, there are provided the second layer comprising the silver alloy, and the first and third layer comprising the metal oxide and formed above and below the second layer so that adhesion of a silver alloy (e.g., ATD alloy) may be enhanced, and an anode having enhanced reflectance may also be provided by using silver with increased reflectance.