pete's study is co-author is steven bass of ic and jessica holland and kevin pierce of the intern revenue service. josh is co-authored with adam bee of the census bureau. we will have discussions. the first discussant will be kevin moore of the federal reserve board. our second discussant will be bruce meyer. a visiting scholar here at aie. thank you both for coming today. following discussants' comments, we'll allow for brief interchange between participants and turn to your questions. at this point, i'd like to begin with our presentations. pete, we have between 20 and 25 minutes, then we'll go to josh. thank you very much. >> thank you, andrew, and thank you all for showing up today. as andrew already mentioned, this is a joint work and my co-author is actually sitting in the front row. this paper is a product of the soi joint statistical research program. our paper examines two questions. first, are workers able to maintain their standard of living after they claim social security benefits. to answer that question, we're going to look at changes in spendable income around the time the