Bachelor, Mary Washington College, Fredericksburg, Virginia, 1973. Doctor of Philosophy in Economics, Virginia Polytechnic Institute, Blacksburg, 1977. Doctor of Humane Letters (honorary), Urbana University, Ohio, 1994.
From instructor to assistant professor economics, Tulane University, New Orleans., 1976-1978;
from assistant professor to associate professor and research associate, Center for Study of Public Choice, Virginia Polytechnic Institute and State University, Blacksburg, 1978-1983;
chief professional staff member on social security, United States Senate Committee on Finance, Washington, 1981-1984;
senior research fellow, Hoover Institute, Stanford University, California, 1984-1986;
resident scholar, director social security and pension studies, American Enterprise Institute, Washington, since 1987. Senior advisor National Commision on Social Security Reform, 1982-1983. Consultant United States Senate Finance Committee, 1984, Social Security Administration, 1984-1985, United States Agency for International Development, 1992-1993.
Member United States Disability Advisory Council, 1987-1988, United States Social Security Commissioners Disability Advisory Committee, 1989, Social Security Public Trustees Working Group on Trust Fund Solvency, 1989-1990, Congressional Study Groupon Women and Retirement, 1992, United States Social Security Notch Commission, 1994, United States Social Security Advisory Council, 1994-1997, United States Social Security Advisory Board, 1994-1997, Academy Board Advisors Americans for Generational Equity, 1986-1992, Indiana Institute, since 1986, Retirement Policy Institute, since 1989. Founding member National Academy Social Insurance, 1988-1996. Board directors Secure Retirement Coalition, since 1996.
National advisory board Americans Discuss Social Security, since 1997, Indiana Womens Forum, since 1997. Delegate National Summit on Retirement Saving, 1998.
(Book by Weaver, Carolyn L.)
Founding board member American Friends Episcopal Church Sudan, since 2004.
Married Robert John Mackay, August 12, 1980. Children: Taylor Cotesworth, Bennett Faulkner.