PhD fellow in Economics on the topic of Taxation of Transactions in Imperfect Financial Markets

Updated: about 11 hours ago
Deadline: 22 Sep 2017

A PhD position is available from 1 November, 2017, at the University of Copenhagen, Denmark under the Independent Research Fund Denmark funded project “Taxation of Transactions in Imperfect Financial Markets”.  

Deadline for applications: 22 September 2017 

This research project combines models and insights from two fields of Economics to study the rationale for a small tax on transactions in financial markets. The field of Financial Market Microstructure provides models of financial markets, incorporating realistic imperfections in the functionality of these markets. The field of welfare economics provides the important principle that taxes on transactions have a potential to improve upon the outcomes of imperfect markets. A financial transactions tax is a known policy instrument, but this project will give a stronger identification of its role in the economic analysis of financial markets. The project’s ultimate ambition is to completely characterize the types of financial market imperfections which can be fruitfully addressed by the tax. This ambition entails the need to develop new models at the intersection of the two research fields. 

The project is headed by Professor of Finance Peter Norman Sørensen. It also involves two post-doctoral researchers. In the first period, the post-doc is Jesper Rüdiger Sørensen. 

The candidate will work at the Department of Economics with Peter Norman Sørensen as the main supervisor. A colleague from the department may be assigned as co-supervisor, depending on the specific needs of the candidate. 


Outstanding candidates with a strong background in Economics or Mathematics-Economics are preferred. The ideal candidate has prior knowledge of the economics of taxation and /or financial markets, in particular the microstructure of markets. Higher skills in theoretical microeconomic modelling are an advantage.

Applicants must document their successful masters studies by a high grade point average. Candidates must have good interpersonal and communication skills. Excellent English writing skills are a requirement.   

Formal requirements: The position is available for a 3-year period for applicants holding a relevant master’s degree.   

  • The University of Copenhagen wishes to reflect the surrounding society, and invites all qualified applicants, regardless of personal background, to apply for the positions.  
  • In order to be awarded a PhD scholarship the applicant has to enrol as a PhD student at the Faculty of Social Sciences, cf. the rules of the Danish Ministerial order No 1039 of 27 August 2013. You will find general information about the PhD program on the website of the Copenhagen Graduate School of Social Sciences (in English) and (in Danish). 


General information about PhD programmes at Social Science is available at the above websites. For specific information about this PhD scholarship and the research project, please contact main supervisor, Peter Norman Sørensen at 

Job description 

The key tasks as a PhD student are:   

  • Manage and carry through your research project  
  • Take PhD courses  
  • Write scientific articles and your PhD thesis  
  • Participate in workshops and conferences  
  • Stay at an external research institution for a few months, preferably abroad  
  • Teach and disseminate your research   

Terms of employment  

The position is covered by the Memorandum on Job Structure for Academic Staff. In order to be eligible for a scholarship in the 5+3 PhD study programme the applicant must have completed a two year MSc degree programme, or have earned 120 ECTS credits at an equivalent academic level before starting his or her employment. Applicants should check the study programmes for more detailed descriptions of the entry requirements. PhD students are paid a salary in accordance with the agreement between the Ministry of Finance and the Danish Confederation of Professional Associations (AC). The PhD student has a work obligation of up to 840 hours over the 3 year period of time without additional pay. The work obligation can include for instance teaching. 

Application Procedure  

The application, in English, must be submitted electronically using the APPLY NOW button below, and must include:  

  • Cover Letter detailing your motivation and background for applying for the specific PhD project 
  • CV  
  • Diploma and transcripts of records (BSc and MSc)  
  • Other information for consideration, e.g. list of publications (if any) 
  • Documentation of English language qualifications, cf. general rules and guidelines, p. 5  

The deadline for applications is 22 September 2017. Applications received later than this date will not be considered  

Shortlisting and assessment 

After the expiry of the deadline for applications, the authorized recruitment manager selects applicants for assessment on the advice of the Interview Committee. All applicants are then immediately notified whether their application has been passed for assessment by an expert assessment committee. Selected applicants are notified of the composition of the committee and each applicant has the opportunity to comment on the part of the assessment that relates to the applicant himself/herself. The final selection of successful candidates will be made by the Head of Department, based on the recommendations of the assessment committee.  

The following criteria are used when shortlisting candidates for assessment: 

1. Research qualifications as reflected in the project proposal. 

2. Quality and feasibility of the project.  

3. Qualifications and knowledge in relevant Economics disciplines. 

4. Performance (grades obtained) in graduate and post-graduate studies. 

Please note that it is only possible to upload one document per attachment category. If more than one document has to be uploaded in the same category, please make sure that they are scanned and collected into one file. Applications sent by regular mail or by email or received after the deadline will not be taken into account. 

Part of the International Alliance of Research Universities (IARU), and among Europe’s top-ranking universities, the University of Copenhagen promotes research and teaching of the highest international standard. Rich in tradition and modern in outlook, the University gives students and staff the opportunity to cultivate their talent in an ambitious and informal environment. An effective organisation – with good working conditions and a collaborative work culture – creates the ideal framework for a successful academic career.

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