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In this chapter, we examine the effect of exercise intensity and related variables on

mental health and depression. We begin our discussions of our results by presenting for

the case of the continuous and censored specifications of the mental health dependent

variables. The estimation results for our third binary dependent variable, whether each

individual is defined as depression or not, are exhibited in section 5.2.

5.1 The determinants on mental health

The estimation results of the fixed-effect OLS and fixed-effect Tobit model are

presented in Table 5. We report two sets of regression models: the first part is the results

of the fixed-effect OLS model, and the second part is the marginal effect of the

fixed-effect Tobit model. The estimated coefficients of the Tobit model are not reported

because they show no meanings of the magnitudes or quantitative effects of the

exogenous variables on mental health. In general, the estimated coefficients and implied

marginal effects are consistent for the two models, though quantitative differences do

observed.

The results, most noticeably, indicated that regular exercise dose significantly

improve elderly mental health. However, the intensity of exercise plays an important

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role in determining mental health. In particular, evidence shows that the effect of light

exercise is more substantial than the effect of moderate exercise. The estimates indicate

that comparing to non-exercisers, light intensity exercisers lead to a lower CES-D score

by 0.62 point in the OLS model, and by 0.67 point in the Tobit model. On the other

hand, the effects are subtle for moderate intensity exercisers; they have a lower CES-D

score by about 0.3-0.4 point in these two models. This improvement is roughly half as

long as light intensity exercisers. One possible interpretation is that moderate intensity

exercise may be too much for maintaining the necessary health condition of the elderly.

Therefore, moderate intensity exercise is not as effective as light intensity exercise on

elderly health.

Among the other factors, family characteristics are also significantly associated

with mental health among the elderly. First, evidence points to a positive relationship

between marital status and mental health. Elderly with a spouse or partner have better

mental health by about 0.8 point in these two models. Second, living alone is negatively

associated with mental health. The estimated marginal effect is 0.66 in the Tobit model,

and a slightly higher effect is found in the OLS model (0.73). Health status also plays an

important role on mental health. Both OLS and Tobit results indicate that an additional

score of mobility impairment increases the CES-D score by 0.27 point.

Regarding to the two lifestyle indicators, current drinkers are more likely to have

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better mental health, though the effect is only significant in the Tobit model. The

marginal effect of drinker implies that the CES-D scores of drinkers are 0.38 compared

to non-drinkers. As to the roles of social support, interestingly, we find a strong and

significant relationship between volunteer work and mental health. The estimated

coefficient in the OLS model shows that the CES-D scores of volunteers are reduced by

approximately 0.9 point. The quantitative size of this effect (1.2) is much larger in the

Tobit model. This likely reflects that volunteer involvement is beneficial to improve the

individual mental health.

Table 5 Estimation of continuous CESD score

Model

Fixed-Effect OLS Model Fixed-Effect Tobit Model

Variable Coefficient S. E. Marginal Effect S. E.

Note: S.E. = standard error. ***, ** and * indicated the significance at the 1%, 5%, and 10% levels.

a STATA reports the constant term as average value of the fixed effects.

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5.2 The determinants on depression

Our third dependent variable, whether the individual has depressive symptoms or

not, is coded as a binary response. The estimates from the fixed-effect probit model are

shown in Table 6. In addition to the estimated coefficients, we also report the marginal

effects to quantify the effects of the exogenous variables on the probability of being

depressed.

Table 6 Estimation of the depression equation

Variable Coefficient S.E Marginal Effect S.E

Light Exercise -0.292 *** 0.111 -0.115 *** 0.044

Note: S.E. = standard error. ***, ** and * indicated the significance at the 1%, 5%, and 10% levels.

The results present a notable difference between light and moderate intensity

exercise on the likelihood of being depressed, which is different from the exercise

intensity effects on mental health. In the fixed-effect probit model, moderate intensity

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exercise is not significant to determine the likelihood of depression, while light intensity

exercise leads to a lower probability of being depressed: 11.5% at the 1% level of

significance. This is a reasonable result, as those moderate intensity exercisers might

receive less benefits from exercise, which results in insufficient efforts to fighting

against depression. The empirical literature is inconclusive on the relationship between

exercise intensity and depression of the elderly. Our result is similar to Lindwall et al.

(2007), who found that light intensity exercise had a strong effect on elderly women, but

differs to Singh et al. (2005), who found high intensity PRT was more effective than low

intensity PRT.

Living alone appears to exert an influence on depression. The estimated marginal

effect indicates that elderly who live alone have a higher probability of being depressed

(23.6%). In addition, working status is associated with depression. Elderly who have a

current job are less likely to suffer from depression. On average, they have 12.4% lower

in probability of being depressed, holding other things constant.

As in mental health equation, health status is also significant in determining

psychological disorders. An additional score of mobility impairment increases the

likelihood of depression by 3.6%. Volunteer work can reduce depression as well. The

estimated marginal effect suggests that volunteers for social activities have a 16.2%

lower in probability of being depressed.

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