  Dynamic Hubbard models have been proposed as extensions of the conventional
Hubbard model to describe the orbital relaxation that occurs upon double
occupancy of an atomic orbital. These models give rise to pairing of holes and
superconductivity in certain parameter ranges. Here we explore the changes in
carrier effective mass and quasiparticle weight and in one- and two-particle
spectral functions that occur in a dynamic Hubbard model upon pairing, by exact
diagonalization of small systems. It is found that pairing is associated with
lowering of effective mass and increase of quasiparticle weight, manifested in
transfer of spectral weight from high to low frequencies in one- and
two-particle spectral functions. This 'undressing' phenomenology resembles
observations in transport, photoemission and optical experiments in high T_c
cuprates. This behavior is contrasted with that of a conventional electron-hole
symmetric Holstein-like model with attractive on-site interaction, where
pairing is associated with 'dressing' instead of 'undressing'.
