We have studied polariton spin dynamics in a GaAs/AlGaAs microcavity by mea
ns of polarization- and time-resolved photoluminescence spectroscopy as a f
unction of excitation density and normal mode splitting. The experiments re
veal a novel behavior of the degree of polarization of the emission, namely
the existence of a finite delay to reach its maximum value. We have also f
ound that the stimulated emission of the lower polariton branch has a stron
g influence on spin dynamics: in an interval of similar to 150 ps the polar
ization changes from +100% to negative values as high as -60%. This strong
modulation of the polarization and its high speed may open new possibilitie
s for spin-based devices. (C) 2001 Elsevier Science Ltd. All rights reserve
d.