We present a detailed analysis of hole dynamics in noble metals (Cu and Au), by means of firstprinciples many-body calculations. While holes in a free-electron gas are known to live shorter than electrons with the same excitation energy, our results indicate that d-holes in noble metals exhibit longer inelastic lifetimes than excited sp-electrons, in agreement with experiment. The density of states available for d-hole decay is larger than that for the decay of excited electrons; however, the small overlap between d-and sp-states below the Fermi level increases the d-hole lifetime. The impact of d-hole dynamics on electron-hole correlation effects, which are of relevance in the analysis of time-resolved two-photon photoemission experiments, is also addressed.Detailed and quantitative understanding of hotelectron and photo-hole dynamics is the prerequisite for any tailoring of technological processes in solid-state physics and surface chemistry, which are governed by charge transfer and electronic excitations [1][2][3][4]. In particular, the quasiparicle lifetime, i.e., the time a quasiparticle propagates without loosing its phase memory, represents a basic quantity in the analysis of these processes. Experimentally, angle-resolved photoemission (PE) spectroscopy provides direct information on hole lifetimes [5][6][7][8]. A new path for the study of both electron and hole (and spin) dynamics in the time domain was opened by the advent of the time-resolved two-photon photoemission (TR-TPPE) technique [9,10]. In these "pumpprobe" experiments, the emitted photoelectron is measured both with energy and momentum resolution; electron and hole lifetimes are then measured at well-defined k-space points, by combining the band mapping capabilities of photoemission with the time resolution of nonlinear optical spectroscopy [11].The theoretical framework to investigate the quasiparticle lifetime has been based for many years on the freeelectron gas (FEG) model of Fermi liquids [12], characterized by the electron-density parameter r s [13]. In this simple model and for either electrons or holes with energy E very near the Fermi level (E ∼ E F ), the inelastic lifetime is found to be, in the high-density limit (r s << 1), τ (E) = 263 r −5/2 s (E − E F ) −2 fs, where E and E F are expressed in eV [14]. Several other freeelectron calculations of electron-electron scattering rates have also been carried out, for electron/hole energies that deviate from the Fermi level, within the random-phase approximation (RPA) [15,16] and with inclusion of exchange and correlation effects [17,18]. Nevertheless, detailed TR-TPPE experiments have reported large deviations of measured hot-electron lifetimes from those predicted within the FEG model [19][20][21][22][23][24][25]. Moreover, while holes (E < E F ) in a FEG are known to live shorter than their electron counterparts (E > E F ) [for the same excitation energy, the momentum of the hole is smaller than the electron momentum, thus yielding a larger number of available transitions], recent T...