Objective: Moderate alcohol consumption is associated with decreased risk for depression, but it remains unclear whether this is a causal relationship or merely a methodological artefact. To compare the effects of consistent abstinence, occasional, moderate, and above-guidelines alcohol consumption throughout early-to-middle adulthood on depression at age 50, the authors conducted a secondary analysis of the National Longitudinal Survey of Youth 1979 cohort and employed a marginal structural model (MSM) approach. Methods: Baseline was set at 1994, when individuals were aged 29-37. The MSM incorporated measurements of alcohol consumption at 1994, 2002, and 2006, baseline and time-varying covariates, and repeated Centre for Epidemiological Studies-Depression Scale short form (CES-D-SF) measurements. 5,667 eligible participants provided valid data at baseline, with 3,593 of these providing valid outcome data. The authors used all observed data to predict CES-D-SF means and rates of probable depression for hypothetical trajectories of consistent alcohol consumption. Results: Results resembled J-shaped relationships. Specifically, both consistent occasional and consistent moderate drinkers were predicted to have reduced CES-D-SF scores and probable depression at age 50 compared to consistent abstainers (CES-D-SF scores: b=-0.84, CI= -1.47, -.11; probable depression: OR=0.58, CI=0.36, 0.88 for consistent occasional drinkers vs abstainers; CES-D-SF scores: b=-1.08, CI=-1.88, -.20; probable depression: OR=0.59, CI=0.26, 1.13for consistent moderate drinkers vs consistent abstainers). Consistent above-guidelines drinkers were predicted to have slightly increased risk compared to consistent abstainers, but this was not significant (b=0.34, CI=-0.62, 1.25; OR=1.06, CI =0.66, 1.72). In sex-stratified analyses, results were similar for females and males. Conclusions: The present study contributes preliminary evidence that associations between moderate alcohol consumption and reduced risk for depression may be genuine causal effects. Further research using diverse methodologies that promote causal inference is required.