Knowledge as Human Capital, in Correlation with the Demographic Factors

Over the time, the mankind has encountered various forms of economic development. A point of reference is represented by the Industrial Revolutions, which laid the foundation of today's economy, specific to each country. Nowadays, people access the multiple opportunities generated by the advanced technology and opportunities in order to achieve a high step in acquiring knowledge. Given that, most often, in one’s development may appear certain impediments, we believe it is necessary to analyze the demographic factors that highlight the correlation between the status of the individual, the need for knowledge and financial possibilities. It is also necessary to know and analyze the types of income and their impact on the individual status. From a theoretical point of view, we believe it is safe to say that we are witnessing the so called ”Third Industrial Revolution”, also known as the ”Knowledge Revolution”. Thus, if the generalized used of steam power is considered the First Industrial Revolution and the automatization of the production processes is the main characteristic of the Second Industrial Revolution, then the Third Industrial Revolution can be defined as the wide spread usage of knowledge with the existing processes. Going deeper, one of the main mutations of this transition is the transformation of knowledge in resources, capital and products. Furthermore, the Knowledge Revolution can be held responsible for the creation of new jobs, based on the usage of one’s knowledge. Basically, the persons working in this kind of positions, known as knowledge specialists, can be characterized as owners of tacit knowledge, formed out of a vast quantity of information in their field of action, alongside a great expertise, developed after using the information. In this context we identify several ways of evaluating one’s ability to develop and to gather new expertise. First, we notice the capacity of learning and knowledge assimilation, following the graduation of the highest level of education. Besides the knowledge gained during studies and in order to amplify the development level, we identify a need for additional qualifications and trainings, required for gathering new knowledge and deepening those existing. Another way of developing is the ability to accumulate information and expertise at work. All of them are of great importance and the presence of each one, in a higher degree are strongly correlated with a high level of income and can help generating an advantage to an individual and, furthermore, positioning him on a better position in the society. The importance of understanding this kind of demographic variables derives from the possibility of studying one's development capacity throughout his life. Besides the income, we consider of general interest the education, as well as both the housing and the employment status. The objective of our article is to reflect the main characteristics (such as the distribution or the evolution) of the population incomes, in general, and those of the knowledge specialists, in particular, from the point of view of knowledge based economy.