An inverse parabolic quantum well was successfully grown by molecular-
beam epitaxy using a digital compositional grading superlattice compos
ed of Al0.36Ga0.64As/GaAs. The photoluminescence and photocurrent meas
urements for this structure gave a good agreement between experimental
and theoretical results. Large Stark shift and amplitude reduction of
1e-1hh exciton resonance under applied electric field were found in t
he photoluminescence spectra, which are substantially larger than the
conventional square quantum well. These properties benefited from the
concept of local-to-global state transitions.