  We report on the implementation and the metrological characterization of a
vapor-cell Rb frequency standard working in pulsed regime. The three main parts
that compose the clock, physics package, optics and electronics, are described
in detail in the paper. The prototype is designed and optimized to detect the
clock transition in the optical domain. Specifically, the reference atomic
transition, excited with a Ramsey scheme, is detected by observing the
interference pattern on a laser absorption signal.
  \ The metrological analysis includes the observation and characterization of
the clock signal and the measurement of frequency stability and drift. In terms
of Allan deviation, the measured frequency stability results as low as
$1.7\times 10^{-13} \ \tau^{-1/2}$, $\tau$ being the averaging time, and
reaches the value of few units of $10^{-15}$ for $\tau=10^{4}$ s, an
unprecedent achievement for a vapor cell clock. We discuss in the paper the
physical effects leading to this result with particular care to laser and
microwave noises transferred to the clock signal. The frequency drift, probably
related to the temperature, stays below $10^{-14}$ per day, and no evidence of
flicker floor is observed.
  \ We also mention some possible improvements that in principle would lead to
a clock stability below the $10^{-13}$ level at 1 s and to a drift of few units
of $10^{-15}$ per day.
