Photoexcitation of a semiconductor with photons above the semiconductor ban
d gap creates electrons and holes that are out of equilibrium. The rates at
which the photogenerated charge carriers return to equilibrium via thermal
ization through carrier scattering, cooling by phonon emission, and radiati
ve and nonradiative recombination are important issues, The relaxation proc
esses can be greatly affected by quantization effects that arise when the c
arriers are confined to regions of space that are small compared with their
deBroglie wavelength or the Bohr radius of bulk excitons. The effects of s
ize quantization in semiconductor quantum wells (carrier confinement in one
dimension) and quantum dots (carrier confinement in three dimensions) on t
he respective carrier relaxation processes are reviewed, with emphasis on e
lectron cooling dynamics. The implications of these effects for application
s involving radiant energy conversion are also discussed.