We present several sufficient conditions for exponential stability and dich
otomy of solutions of the evolution equation u'(t) = A(t)u(t) (*) on a Bana
ch space X. Our main theorem says that if the operators A(t) generate analy
tic semigroups on X having exponential dichotomy with uniform constants and
A(.) has a sufficiently small Holder constant, then (*) has exponential di
chotomy. We further study robustness of exponential dichotomy under time de
pendent unbounded Miyadera-type perturbations. Our main tool is a character
ization of exponential dichotomy of evolution families by means of the spec
tra of the so-called evolution semigroup on C-0(R, X) or L-1(R, X).